
Retrenchment
Economic Stress
Use 'retrenchment' when a business cuts costs due to financial problems.

Small businesses often face retrenchment during recessions.
Employee Impact
Retrenchment might imply laying off employees.

Due to retrenchment, the factory workers were worried about their jobs.
Last Resort
Retrenchment is often used as a last option to save money.

Only after all other measures failed, the firm considered retrenchment.
Compare with
AusterityDownsizingEconomyFrugalityReduceRestrictionSave
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