retrench

Verb
  1. Tighten one's belt;
    Use resources carefully (synset 202274612)
    is a type of: conserve, economise, economize, husband - use cautiously and frugally
  2. Make a reduction, as in one's workforce (synset 200431052)
    "The company had to retrench"
    is a type of: bring down, cut, cut back, cut down, reduce, trim, trim back, trim down - cut down on; make a reduction in

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