retrenched
Reduced company spending
Retrenched is the past tense of retrench, meaning to cut back or reduce expenses, especially by eliminating positions.
The word appears most often in business contexts when companies downsize: The firm retrenched and laid off three hundred workers.
In military use, to retrench is to fortify a position with defensive earthworks.
Needless duplication
- severanceTermination pay or disconnection
- terminationAct of ending something
- dismissalRemoval from position
- unemploymentBeing without paid work
jobless · furloughed · outplacement · displaced · downsizing · restructuring · cutbacks · laid-off
Reductions in spending
- belt-tighteningReducing expenditures deliberately
- frugalityEconomical resource management
- economizingReducing expenditures deliberately
- cost-cuttingReducing expenditures deliberately
savings · thrift · parsimony · prudence · restraint · sacrifice · self-denial · simplicity
Making more aerodynamic or efficient
- consolidationCombining into unified whole
- shrinkingDecreasing in dimension
- trimmingCutting away excess
- pruningCutting vegetation for health
curtailing · downsizing · restructuring · efficiency · rationalization · optimization
Prolonged economic decline
- contractionReduction in size
- slowdownReduction in pace
- crisisDecisive dangerous moment
- slumpExtended period of decline
depression · stagflation · collapse · downturn · adjustment · bankruptcy · insolvency · deflation
redundancy
Needless duplication
- severanceTermination pay or disconnection
- terminationAct of ending something
- dismissalRemoval from position
unemployment · jobless · furloughed · outplacement · displaced · downsizing · restructuring · cutbacks · laid-off · redundant
cutbacks
Reductions in spending
- belt-tighteningReducing expenditures deliberately
- frugalityEconomical resource management
- economizingReducing expenditures deliberately
cost-cutting · savings · thrift · parsimony · prudence · restraint · sacrifice · self-denial · simplicity · minimalism
streamlining
Making more aerodynamic or efficient
- consolidationCombining into unified whole
- shrinkingDecreasing in dimension
- trimmingCutting away excess
pruning · curtailing · downsizing · restructuring · efficiency · rationalization · optimization
recession
Prolonged economic decline
- contractionReduction in size
- slowdownReduction in pace
- crisisDecisive dangerous moment
slump · depression · stagflation · collapse · downturn · adjustment · bankruptcy · insolvency · deflation
retrenchedhired
Given employment
recruited · employed · staffed up · onboarded · taken on
retrench, retrenchment, retrenching, retrenches, retrenchments