verb
to reduce or decrease something, typically in a controlled or strategic manner
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The project manager needed to manage down the team's expectations regarding the timeline for completion.
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I had to manage down my friend's excitement about the concert tickets because they might get canceled.
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I had to manage down my mom's worries about me going out late with my friends.
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The CEO had to manage down the company's expenses in order to stay profitable during the economic downturn.