Retrenchment
Part of speech: noun
Definition: A defensive entrenchment consisting of a trench and parapet A reduction or curtailment; often referring to a business or government agency cutting back operations or laying off workers
Downsizing
Part of speech: verb
Definition: To reduce in size or number.
Part of speech: noun
Definition: An act in which a company downsizes or is downsizedminiaturizationReducing engine's capacity at same power or increasing engine's power without increasing capacity
Example sentence: 'Dilbert' became popular during the downsizing of the '90s, and job security was a major theme of the strip.