retrenchment
🇺🇸
/rɪˈtrentʃmənt/
🇬🇧
/rɪˈtrentʃmənt/
Cutting back on spending or expenses to save money.
The company announced a period of retrenchment to reduce costs.
公司宣布进行紧缩以降低成本。
When people lose their jobs because there is not enough work for them to do.
Due to the economic downturn, there was a lot of retrenchment in the company.
由于经济衰退,公司进行了大量的裁员。