retrenchment
/rɪˈtrɛntʃmənt/
noun
- A reduction in spending or staff, especially by a company or government to save money.
- The company announced a major retrenchment, laying off 200 employees.
- The factory's retrenchment led to a smaller but more efficient workforce.
- During the recession, the government implemented a retrenchment of public services.
- The act of reducing or cutting back on something, such as expenses or activities.
- The family's financial retrenchment meant fewer vacations and eating out less.
- The school's retrenchment of extracurricular programs disappointed many students.
- After the failed project, there was a retrenchment in research spending.
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