IPA: /rɪˈtrɛnʧ/
KK: /rɪˈtrɛnʧ/
To reduce costs or expenses, often by cutting back on spending.
The company decided to retrench in order to save money during the economic downturn.
Past: retrenched
Past Participle: retrenched
To reduce or cut back on something, often in terms of expenses or resources.
The company decided to retrench its workforce to save costs during the economic downturn.
Past: retrenched
Past Participle: retrenched
Retrench is formed from "re-" (meaning again or back) and "trencher" (from Old French *trencher*, meaning to cut). The word means to cut back or reduce expenses or resources.
Think of going 'back' ('re-') to 'cut' ('trencher') something down — that's why retrench means to cut back or reduce.