retrenchment

Definition

Corporate-speak for 'we overspent and now someone's getting fired.' When executives announce a retrenchment, they're performing budget cuts with the dignity of a board meeting presentation. It means layoffs, eliminated benefits, and the quiet sunset of that expensive software nobody asked for anyway.

Example Usage

The CEO euphemistically called for 'strategic retrenchment,' which translated to 200 people emptying their desks by Friday.

Source: Common business and economics terminology

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