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