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Retrench

usgb/rɪˈtrentʃ/Volume
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LampPro Tip 1/3
Business TroublesPlay
Often used to describe companies in financial difficulty scaling back operations. SlideThe startup had to retrench after running out of investment capital.
LampPro Tip 2/3
Not Always NegativePlay
Retrenching can be strategic, allowing for refocusing rather than only signifying loss. SlideOur business will retrench to core activities to improve efficiency.
LampPro Tip 3/3
Not Job SpecificPlay
Retrench doesn't only apply to staff cuts; it can be about any resource or expense. SlideThe magazine retrenched its overseas editions to cut costs.