down•sizePronunciation: (doun'sīz"), [key]
—v., -sized, -siz•ing,
to design or manufacture a smaller version or type of: The automotive industry downsized its cars for improved fuel economy.
to reduce in number; cut back.
being of a smaller size or version: a downsize car.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.