Outrageously Funny Word Dictionary :: Retrenchment

👉 A retrenchment is a period of reduced military spending or reduction in military resources during wartime, often as part of a strategy to reduce the size and cost of the armed forces. It can also refer to a specific type of defense funding cut, such as reducing the amount allocated for defense research and development.

retrenchments

👉 In the context of management, "retrenchment" is a process or strategy where an organization reduces its workforce or personnel to reduce costs and maintain efficiency. This can be achieved through various means such as downsizing, laying off employees, or eliminating non-essential functions. The goal of retrenchment is often to save money by reducing the number of people on the payroll or by cutting back on unnecessary expenses. The term is commonly used in industries where a company's workforce is shrinking due to economic

retrenchment