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Meaning of retrenchment
The act of reducing costs or expenditure, especially in a company or organization.
Etymology of retrenchment
The word "retrenchment" originates from the French word "retrencher," which means "to cut down" or "to reduce."
Historically, the term was used in a military context to refer to the act of cutting down or reducing the size of a fortification or a defensive position.
Over time, the term has evolved to encompass a broader range of meanings, including the reduction of costs or expenditure in a company or organization.
Synonyms
reduction
downsizing
cutback
austerity
streamlining
consolidation
contraction
diminution
curtailment
abridgment
shrinkage
retrenching
economizing
cost-cutting
belt-tightening
pruning
slashing
trimming
paring
slashing
chopping
decreasing
diminishing
lessening
lowering
minimization
optimization
restructuring
reorganization
readjustment
realignment
Definitions
- The act of cutting down or reducing something, such as costs or staff, in order to become more efficient or to save money.
- * A reduction in the amount or extent of something, such as a retrenchment of a company's activities or a retrenchment of a person's ambitions.
Usage Examples
- The company was forced to make a retrenchment of its workforce due to financial difficulties.
- * The government implemented a policy of retrenchment to reduce its budget deficit.
- * The retrenchment of the company's operations led to a significant decrease in its revenue.
Antonyms
expansion
growth
increase
augmentation
enlargement
enhancement
amplification
increment
boost
rise
surge
upswing
intensification
escalation
acceleration
multiplication
magnification
reinforcement
strengthening
fortification
bolstering