Definition, Meaning & Synonyms
retrenchment
noun
/rɪˈtrɛn(t)ʃmənt/
Definition
The act of reducing or diminishing something, often in terms of expenses or workforce.
Examples
- The company’s retrenchment strategy included significant layoffs.
- To survive the economic downturn, the government announced a retrenchment of public spending.
- After the retrenchment, the organization focused on its core services.
Meaning
Retrenchment refers to the process of cutting down on costs, often by laying off employees or reducing expenditures.
Synonyms
- Reduction
- Cutback
- Contraction
- Downsizing
- Restructuring
