retrenchment vs downsizing

retrenchment and downsizing both are nouns.

Word	Noun	Adjective	Verb	Adverb
retrenchment	Yes	No	No	No
downsizing	Yes	No	No	No

As nouns, retrenchment and downsizing are synonyms defined as:

retrenchment and downsizing: the reduction of expenditures in order to become financially stable

Other synonyms of retrenchment include curtailment.

retrenchment (noun)	downsizing (noun)
the reduction of expenditures in order to become financially stable	the reduction of expenditures in order to become financially stable
entrenchment consisting of an additional interior fortification to prolong the defense