retrench

verbs

tighten one's belt; use resources carefully
retrench
is derived from
retrenchment
is a type of (narrower)
use cautiously and frugally
"I try to economize my spare time"; "conserve your energy for the ascent to the summit"
conserve, economise, economize, husband
make a reduction, as in one's workforce
"The company had to retrench"
retrench
is derived from
retrenchment
is a type of (narrower)
cut down on; make a reduction in
"reduce your daily fat intake"; "The employer wants to cut back health benefits"
bring down, cut, cut back, cut down, reduce, trim, trim back, trim down