Answer: downsized

AnswerCrossword Clue
DOWNSIZEDThe cotton shirt in the washer got ...
DOWNSIZEDCut back, in corporate-speak
DOWNSIZEDSmaller now, in corporate-speak
DOWNSIZEDCut back
downsizedMake (something) smaller
downsizedMake (a company or organization) smaller by eliminating staff positions
downsizedDOWNSIZE, to produce in a smaller size
downsized(of a company) Eliminate staff positions