Скачать или смотреть RETRENCHING (ENGLISH VOCABULARY)

Word: Retrenching
Part of Speech: Verb (present participle of retrench)
Meaning:
Retrenching means reducing costs or cutting down expenses, especially during difficult financial times. It can also refer to downsizing staff or reducing resources to save money.
Explanation:
Companies or individuals retrench when they need to spend less, often due to economic challenges. It can involve cutting jobs, budgets, or unnecessary expenses.
Synonyms:
Downsizing
Cutting back
Reducing
Economizing
Slashing
Scaling down
Budgeting
Many governments are retrenching their budgets after the economic downturn. Explanation: Governments are reducing expenses to manage the financial crisis.
After losing his job, he started retrenching by avoiding luxury purchases. Explanation: He reduced his spending to adjust to his new financial situation.
The company is retrenching due to declining sales and rising costs. Explanation: The company is cutting back on spending because business is going down.