Search
to retrench
01
to reduce the expenses of one's company by dismissing a number of employees from their job
Example
In response to the economic downturn, the government had to retrench its spending on public projects to balance the budget.
Faced with increased competition, the business retrenched its product line, focusing only on the most profitable items.
The CEO announced plans to retrench the workforce by 10 %, aiming to streamline operations and improve efficiency.
02
tighten one's belt; use resources carefully
Example
In response to the economic downturn, the government had to retrench its spending on public projects to balance the budget.
Faced with increased competition, the business retrenched its product line, focusing only on the most profitable items.
The CEO announced plans to retrench the workforce by 10%, aiming to streamline operations and improve efficiency.
Due to declining sales, the company decided to retrench several employees to reduce operational costs and stay afloat.
After the unexpected financial losses, the organization had no choice but to retrench its expansion plans and consolidate existing resources.
Nearby Words
