Following each reshuffle, pound is lower (7)
I believe the answer is:
cheapen
'is lower' is the definition.
(thesaurus)
'following each reshuffle pound' is the wordplay.
'following' says to put letters next to each other.
'reshuffle' indicates an anagram.
'pound' becomes 'pen' (I've seen this before).
'each' anagrammed gives 'chea'.
'chea' put next to 'pen' is 'CHEAPEN'.
(Other definitions for cheapen that I've seen before include "Cut" , "Debase" , "Demean - make less expensive" , "Decry or devalue" , "Tried" .)