diff --git a/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs b/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
index e925b0b85b4e72..af1a6cd838f85d 100644
--- a/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
+++ b/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
@@ -1,3 +1,4 @@
+use oxc_allocator::CloneIn;
 use oxc_ast::ast::*;
 use oxc_span::{GetSpan, SPAN};
 use oxc_syntax::{
@@ -77,6 +78,12 @@ impl<'a> Traverse<'a> for PeepholeSubstituteAlternateSyntax {
     }
 
     fn enter_expression(&mut self, expr: &mut Expression<'a>, ctx: &mut TraverseCtx<'a>) {
+        if let Expression::AssignmentExpression(assignment_expr) = expr {
+            if let Some(new_expr) = self.try_compress_assignment_expression(assignment_expr, ctx) {
+                *expr = new_expr;
+                self.changed = true;
+            }
+        }
         if !self.compress_undefined(expr, ctx) {
             self.compress_boolean(expr, ctx);
         }
@@ -260,6 +267,37 @@ impl<'a> PeepholeSubstituteAlternateSyntax {
             self.changed = true;
         }
     }
+
+    fn try_compress_assignment_expression(
+        &mut self,
+        expr: &mut AssignmentExpression<'a>,
+        ctx: &mut TraverseCtx<'a>,
+    ) -> Option<Expression<'a>> {
+        let Some(target) = expr.left.as_simple_assignment_target() else { return None };
+        // TODO avoid using `clone_in`, as it is performance-intensive
+        let target = target.clone_in(ctx.ast.allocator);
+        if matches!(expr.operator, AssignmentOperator::Subtraction) {
+            match &expr.right {
+                Expression::NumericLiteral(num) if num.value == 1.0 => {
+                    Some(ctx.ast.expression_update(SPAN, UpdateOperator::Decrement, true, target))
+                }
+                Expression::UnaryExpression(un)
+                    if matches!(un.operator, UnaryOperator::UnaryNegation) =>
+                {
+                    if let Expression::NumericLiteral(num) = &un.argument {
+                        (num.value == 1.0).then(|| {
+                            ctx.ast.expression_update(SPAN, UpdateOperator::Increment, true, target)
+                        })
+                    } else {
+                        None
+                    }
+                }
+                _ => None,
+            }
+        } else {
+            None
+        }
+    }
 }
 
 /// <https://github.com/google/closure-compiler/blob/master/test/com/google/javascript/jscomp/PeepholeSubstituteAlternateSyntax.java>
@@ -302,4 +340,25 @@ mod test {
         // shadowd
         test_same("(function(undefined) { let x = typeof undefined; })()");
     }
+
+    #[test]
+    #[ignore]
+    fn fold_true_false_comparison() {
+        test("x == true", "x == 1");
+        test("x == false", "x == 0");
+        test("x != true", "x != 1");
+        test("x < true", "x < 1");
+        test("x <= true", "x <= 1");
+        test("x > true", "x > 1");
+        test("x >= true", "x >= 1");
+    }
+
+    #[test]
+    fn test_fold_subtraction_assignment() {
+        test("x -= 1", "--x");
+        test("x -= -1", "++x");
+        test_same("x -= 2");
+        test_same("x += 1"); // The string concatenation may be triggered, so we don't fold this.
+        test_same("x += -1");
+    }
 }