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retrenchment

noun
/rɪˈtrentʃmənt/
/rɪˈtrentʃmənt/
(formal)
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  1. [uncountable] the policy of spending less money; a deliberate reduction of costs裁员:少花钱的政策;故意降低成本
    • a period of retrenchment开支紧缩时期
  2. [uncountable, countable] (Australian English, New Zealand English, South African English) the situation when somebody has to leave their job because there is no more work available for them(因劳动力过剩而造成的)裁员,解雇 synonym redundancy (1)
    • The retrenchments are with effect from 1 August this year. 裁员将于今年8月1日生效。

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