lay off vs downsize

lay off and downsize both are verbs.

Word	Noun	Adjective	Verb	Adverb
lay off	No	No	Yes	No
downsize	No	No	Yes	No

As verbs, downsize is a hyponym of lay off; that is, downsize is a word with a more specific, narrower meaning than lay off:

lay off (verb)	downsize (verb)
dismiss, usually for economic reasons	(of a company) reduce in size or number of employees
put an end to a state or an activity	design or manufacture in a smaller size
	dismiss from work