retrench
verb uk/rɪˈtrentʃ/ us/rɪˈtrentʃ/
[ I ] formal削减费用;紧缩开支
If governments, companies, etc. retrench, they start spending less money, or reducing costs.
The company had to retrench because of falling orders. 由于订单减少，这家公司不得不紧缩开支。
[ T ] Australian English裁减工人（以节约成本）
to remove a worker from their job as a way of reducing costs