n. When companies lower the average age of their employees, either by laying off older workers or by replacing them with younger workers.
1999
The cube farm is an office based on cubicles; hedons are units of pleasure; and downaging is lowering the average age of employees by replacing older workers with younger ones.
1997 (earliest)
Midlife insecurity extends far beyond concerns about appearance and prowess to the loss of what were once the perks of midlife, like job security, to such an extent that "downsizing" might be more appropriately termed "downaging."