retrenchment

Meanings

• Noun

  The action of reducing expenditure, especially in a business or organization, typically by dismissing employees.

  - "The company had to make retrenchments due to financial losses."
  - "Despite the retrenchment, the employees were given severance packages."

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Pronunciation

1. /ɹɪˈtɹɛn(t)ʃm(ə)nt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=95442807"
2. /ɹɪˈtɹɛn(t)ʃm(ə)nt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=95442807"

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Synonyms

cutting down , diminution , lessening

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Rhymes

Words rhyming with retrenchment
encumbrance , advancement , expanse , dancement

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Variants

List of all variants of retrenchment that leads to same result
retrenchment , retrenchments

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Etymology

origin and the way in which meanings have changed throughout history.

From the verb 'retrench', meaning to withdraw or call back, from the Old French 'retrechier' meaning to draw back or contract.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'retrenchment' was first used in the English language in the late 15th century.

2. Retrenchment is often used interchangeably with the term 'layoff', but they have slightly different meanings: retrenchment refers specifically to cost-cutting measures, while a layoff refers to the act of dismissing employees without necessarily intending to reduce costs.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Downsizing: A type of retrenchment that involves reducing the size of a business or organization by eliminating jobs and often restructuring operations.

2. Redundancy: The state of being redundant or unnecessary, often used in the context of employment and retrenchment.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Retrenchment is often associated with difficult economic times and can have significant social and emotional impacts on those affected.

How to Memorize "retrenchment"

1. visualize
   

   - Visualize a business owner making tough decisions to reduce expenses and let go of employees.

2. associate
   

   - Associate the word with the image of a company going through a financial crisis and having to make difficult decisions.

3. mnemonics
   

   - Remember the acronym R-E-T-R-E-N-C-H-M-E-N-T: Reduce Expenditures To Reach New Heights, Making Efficient and Necessary Transitions.

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