trimtrim /trɪm/ verb (trimmed, trimming) [transitiveT] to remove parts of a plan, set of activities, company etc in order to reduce its costsWe need to trim the Defence budget by another £500m.
The company is to trim its workforce (=reduce the number of people it employs) by 10%.
Stock has shot up 54 percent this year as the firm trimmed its debt and narrowed its focus on the healthcare industry.