Pronunciation: /rɪˈtrɛntʃ/
verb to reduce or diminish expenses or costs
A1 The company had to retrench some employees due to financial difficulties.
A2 During the recession, many businesses were forced to retrench their workforce.
B1 In order to cut costs, the company decided to retrench certain departments.
B2 The CEO made the difficult decision to retrench a significant portion of the staff in order to save the company.
C1 After conducting a thorough review of operations, the company decided to retrench non-essential personnel.
C2 The board of directors voted to retrench several divisions in order to streamline the company's operations.
formal The company had to retrench some of its employees due to financial difficulties.
informal I heard they're going to retrench a few people from the team.
slang Looks like they're going to start retrenching staff to cut costs.
figurative Sometimes we have to retrench in our personal lives to focus on what truly matters.
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