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What is another word for retrenching?

Need synonyms for retrenching? Here's a list of similar words from our thesaurus that you can use instead.

Present participle for to reduce (something) in extent or quantity
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“As prices fell and demand slumped, most mills began to nibble at piece rates, retrench their workforce, and increase workloads.”
Present participle for to be economical or frugal with
“The declining sales growth indicated economic trouble and a need to retrench costs.”
Present participle for to decrease in size, especially of a workforce
Present participle for to become smaller or less in amount, degree or intensity
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