downgrade - to reduce someone or something to a lower rank or position, or to cause something to be considered less important or valuable, downsize - to make a company or organization smaller by reducing the number of people working for it, or to become smaller, decentralise - to move the control of an organisation or government from a single place to several smaller ones, deregulate - to remove national or local government controls or rules from a business or other activity, update - to make something more modern or suitable for use now by adding new information or changing its design, upgrade - to improve something so that it works better or is more effective, reorganise - to change the way in which something such as a company is organised, in order to improve it, reassess - to think again about something in order to decide if you should change the way you feel about it or deal with it, redevelop - to change an area of a town by replacing old buildings, roads, etc. with new ones, relaunch - a new attempt to sell a product or service, often by advertising it in a different way or making it available in a different form, relocate - to move to a different place to work, or to be moved to a different place to work, retrain - to learn new skills, so that you can do a different job, restructure - to change the jobs and responsibilities within an organisation, usually in order to make the organisation operate more effectively,

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