retrench

US /rɪˈtrentʃ/
UK /rɪˈtrentʃ/
"retrench" picture
1.

reduce costs or spending in response to economic difficulties

:
•
The company had to retrench by laying off a significant portion of its workforce.
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Families often have to retrench during economic downturns.
:
economizecut backcut costsmake economiestighten one's belt
2.

withdraw or retreat from a position or situation

:
•
The army was forced to retrench after heavy losses.
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He decided to retrench from his aggressive stance.
:
withdrawretreatpull backfall backrecoil