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to retrench
01
to reduce the expenses of one's company by dismissing a number of employees from their job
Examples
Due to declining sales, the company decided to retrench several employees to reduce operational costs and stay afloat.
In response to the economic downturn, the government had to retrench its spending on public projects to balance the budget.
02
to reduce spending or conserve resources
Examples
During the recession, families retrenched to stretch their budgets.
The company retrenched on unnecessary expenses.
Lexical Tree
retrenchment
retrench
trench
