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retrenchment
[ri-trench-muhnt]
noun
the act of retrenching; a cutting down or off, as by the reduction of expenses.
Fortification., an interior work that cuts off a part of a fortification from the rest, and to which a garrison may retreat.
Other Word Forms
- nonretrenchment noun
Word History and Origins
Origin of retrenchment1
Example Sentences
The Twitter layoffs was among the earliest in a series of retrenchments among tech firms to cut costs.
The move furthers Allen’s retrenchment after a $1-billion buying spree in recent years.
“They’re not wrong to be afraid. I think they’re wrong to be as afraid as they are because it’s a retrenchment, and it’s a retrenchment following a gigantic expansion.”
In a significant retrenchment, media mogul Byron Allen has retained investment banking firm Moelis & Co. to sell his network-affiliate television stations after spending more than $1 billion to scoop up outlets in smaller markets.
The industry hasn’t fully recovered from shutdowns because of the COVID-19 pandemic, labor strikes and a retrenchment by legacy entertainment companies, many of which overspent to build streaming services to compete with Netflix.
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