retrenchment

  

Definition

Forced lay-off of employees by a firm, usually to cut down its payroll.

Use retrenchment in a sentence

  • The retrenchment was unexpected by the employees but they knew it was a possibility from the very beginning of working there.

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  • In order to keep the company from going bankrupt, a retrenchment was introduced to cut down the number of employees to save money on salaries paid.

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  • I was worried about retrenchment because I did not wanna be fired and I didn't want any of my friends to be fired either.

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