It's not uncommon for companies to retrench and cut costs in a turbulent economy.
From the online.wsj.com
During these tough economic times, the temptation is to retrench on all fronts.
From the newsday.com
Still, the tough environment is forcing even the strongest players to retrench.
From the businessweek.com
Companies having over 100 employees can only retrench with government approval.
From the online.wsj.com
Some smaller banks even hope to steal share while the bigger banks retrench.
From the usatoday.com
It is just the latest in a string of big retailers to do so, or to retrench.
From the online.wsj.com
Some North American companies, for instance, may see a need to retrench and rebuild.
From the businessweek.com
They tend to overbuild during boom times and retrench too much during busts.
From the usatoday.com
They expect customers to retrench, lower inventories, slow down capital expenditures.
From the forbes.com
More examples
Tighten one's belt; use resources carefully
Make a reduction, as in one's workforce; "The company had to retrench"
(retrenchment) entrenchment consisting of an additional interior fortification to prolong the defense
(retrenchment) the reduction of expenditures in order to become financially stable
Retrenchment (retrenchment, an old form of retranchement, from retrancher, to cut down, cut short) is an act of cutting down or reduction, particularly of public expenditure.
(Retrenchment (computing)) Retrenchment is a technique associated with Formal Methods that was introduced to address some of the perceived limitations of formal, model based refinement, for situations in which refinement might be regarded as desirable in principle, but turned out to be unusable, ...
To cut down or reduce something; To dig or redig a trench where one already was; To take up a new defensive position (from military term retrenchment)
(Retrenchment) Termination resulting from redundancy.
(Retrenchment) A reduction in an amount of money contained in a general appropriation bill. Under the Holman Rule in the House of Representatives, a germane provision in, or amendment to, such a bill is permitted if it changes existing law by reducing the amount of money covered by the bill. ...