Word of the Day - Retrenchment

[debodun]

Retrenchment (noun) - the reduction of costs or spending in response to economic difficulty.

Many people are experiencing retrenchment in household expenses since COVID.

 

[Ruthanne]

I am in retrenchment now. I am trying to save what I can in case I move. There are many things to deal with when someone moves.

 

[Bretrick]

Many large businesses offer employees retrenchment as a way to reduce running costs.