retrenchment

由于经济不景气，公司不得不进行业务收缩。

Due to the economic downturn, the company had to implement ___retrenchment in its operations.

面对敌军进攻，指挥官决定撤退到更有利的位置进行防守。

Facing enemy attacks, the commander decided on a strategic ___retrenchment to a more defensible position.

由于经济衰退，银行不得不进行裁员和削减预算的紧缩措施。

Due to the economic downturn, the bank had to implement ___retrenchment measures including layoffs and budget cuts.