The phrase "as it shrunk" is not correct in standard written English.
The correct form should be "as it shrank," which is the past tense of "shrink."
Example: "The fabric lost its color as it shrank in the wash."
Alternatives: "as it decreased" or "as it diminished."
The News Corporation also is laying off hundreds of people as it shrinks its Web activities.
See articleU've Been SackedUBS unveiled more drastic cost-cutting measures, as it shrinks its investment bank to become less capital-intensive and refocus on wealth management.
Beta Pictoris b is still warm and young and over the next hundreds of millions of years, it will cool down and shrink to about the size of Jupiter, and if its angular momentum is preserved then as it shrinks the length of its day will decrease to about 3 hours and its equatorial rotation velocity will speed up to about 40 km per second.
As it shrinks, the stimulating effect of its hormones, progesterone and estrogen, is withdrawn from the endometrium (the lining of the uterus), and menstruation occurs.
The nation is learning to live within its means.The state is changing shape as it shrinks.
Polaris is a "Cepheid variable," a giant star near the end of its life that varies in brightness as it shrinks and swells.
Both "It's Complicated" and "Something's Gotta Give" center on an independent woman whose life, despite all its personal and professional markers, immediately expands — even as it shrinks — once a man starts rocking her bed and head.
Meanwhile, by fixing short-term interest rates at near zero, the Fed planted its heavy boot squarely in the face of depositors, as it shrank the banks' cost of production — their interest expense on depositor funds — to the vanishing point.
