downshifting
noun [ U ]
uk/ˈdaʊnʃɪftɪŋ/the process of slowing down or becoming less active:
The downshifting reflected the effects of higher oil prices.
HR, WORKPLACE mainly UK
the act of leaving a well-paid but difficult job in order to do something that gives you more time and satisfaction but less money:
The trend towards downshifting, where employees swap the stress of corporate life for more quality time, tempted 6% of the UK workforce last year.