Synonyms/Hypernyms (Ordered by Estimated Frequency) of verb retrench

2 senses of retrench

Sense 1
retrench -- (tighten one's belt; use resources carefully)
       => conserve, husband, economize, economise -- (use cautiously and frugally; "I try to economize my spare time"; "conserve your energy for the ascent to the summit")

Sense 2
retrench -- (make a reduction, as in one's workforce; "The company had to retrench")
       => reduce, cut down, cut back, trim, trim down, trim back, cut, bring down -- (cut down on; make a reduction in; "reduce your daily fat intake"; "The employer wants to cut back health benefits")