Ally -- welcome to the club!

But "retrenchment"????? I'm in the biz but why, oh why, must we try and come up with new phrases for an old concept. "Reorganization", "downsize", "right-size", "redundancy" and now "retrenchment." Do businesses REALLY think it feels better if you call it some other name????

Whatever you call it, it can be an opportunity! Good luck!