cut back significantly to save money

retrench

verb|/rɪˈtrɛntʃ/

Reduce costs or expenditures, especially by cutting back operations

Examples

In a meeting

After the funding fell through, we had to retrench and focus only on core features.

Over coffee

We're retrenching this month after overspending on vacation.

Why this word

reduce

retrench specifically means cutting back due to financial difficulties or strategic necessity, while reduce is a general decrease without implying economic constraint

cut

retrench conveys a defensive withdrawal or economizing in response to hardship, while cut is simply removing something without the context of difficulty

downsize

retrench emphasizes reducing expenses or operations to improve position, while downsize focuses more narrowly on reducing workforce or scale

Usage tip

Use during difficult times requiring cuts, not for routine budget adjustments

Etymology

French — from 'retrancher' (to cut off), from 're-' (back) + 'trancher' (to cut)

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