Retrench

Retrench is a word that means to cut back or reduce something, especially when it comes to spending money or resources. It’s like tightening your belt and making adjustments to save or conserve. When people retrench, they’re usually doing it to improve their financial situation or to make their business more efficient. If a company is facing financial difficulties, they might have to retrench by reducing their workforce or cutting back on certain expenses. This is done to try and save money and keep the business afloat.

On a personal level, retrenchment could involve making changes to your spending habits or lifestyle in order to save money. It could mean cutting back on non-essential expenses, like eating out less or canceling subscriptions, in order to have more financial stability. Retrenchment can also be used in a broader sense, beyond just finances. It can refer to making adjustments or reductions in other areas as well. For instance, a government might retrench its military forces or scale back on certain programs to allocate resources more effectively.