Answer
To decrease the Kinetic energy of an object as much as we can, we must reduce the speed by half.
Work Step by Step
Since, Kinetic energy =$\frac{1}{2}mv^{2}$
If we reduce mass by half, the Kinetic energy will be $\frac{1}{2}$ of initial Kinetic energy.
If we reduce speed by half, the Kinetic energy will be $\frac{1}{4}$ of initial Kinetic energy.
So, to decrease the Kinetic energy as much as we can, we should reduce the speed to half.