retrench Meaning in the Cambridge English Dictionary
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Meaning of “retrench” in the English Dictionary

"retrench" in British English

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retrenchverb

uk   us   /rɪˈtrentʃ/
[I] formal If ​governments, ​companies, etc. retrench, they ​startspending less ​money, or ​reducingcosts: The ​company had to retrench because of ​fallingorders. [T] Australian English to ​remove a ​worker from ​theirjob as a way of ​reducingcosts
(Definition of retrench from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"retrench" in Business English

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retrenchverb

uk   us   /ˌriːˈtrentʃ/
[I] MANAGEMENT, FINANCE if ​governments, ​companies, etc. retrench, they ​startspending less ​money, or ​reducingcosts: Some large ​corporate R&D ​departments have retrenched. It's ​time to retrench and refocus on our ​keybrands. The ​company retrenched and ​cutstaff in the face of the impending ​downturn.
[T] Australian English HR, WORKPLACE to ​remove a ​worker from their ​job as a way of ​reducingcosts: With the ​level of ​unemployment already so high, the ​thought of ​approximately 10,000 ​workers being retrenched is difficult to ​bear.
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(Definition of retrench from the Cambridge Business English Dictionary © Cambridge University Press)
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