retrench
/rɪˈtrɛntʃ/
verb
- To reduce costs or spending, especially in a business or organization, often by cutting jobs or services.
- The government announced plans to retrench by cutting funding to several programs.
- The company had to retrench after losing several major clients.
- To survive the recession, the factory retrenched a third of its workforce.
- To reduce or limit something, such as activities or operations.
- The school retrenched its extracurricular programs due to budget cuts.
- The organization retrenched its operations to focus on core services.
- He retrenched his travel plans to save money.
Antonyms