retrench
verb
[ rɪˈtrɛn(t)ʃ ]
• (of an organization or individual) reduce costs or spending in response to economic difficulty.
• "as a result of the recession the company retrenched"
Similar:
economize,
cut back,
make cutbacks,
make savings,
make economies,
reduce expenditure,
be economical,
be sparing,
be frugal,
budget,
tighten one's belt,
husband one's resources,
draw in one's horns,
save,
scrimp and save,
cut corners,
Origin:
late 16th century (in the now formal usage): from obsolete French retrencher, variant of retrancher, from re- (expressing reversal) + trancher ‘to cut, slice’.
