Definition
to cut costs: to reduce, to lower, to decrease expenditure
We will need to cut costs very soon or we will be in debt.
(to implement) cost-cutting (measures): (to introduce steps) to reduce spending, costs, overheads
cost cutting (is essential): reducing our outgoings, cutting expenditure or overheads (is essential)
- "The controversy associated with illegal and unethical cost-cutting methods often leads to customer boycotts and consumer class-action suits."
- "Delavigne imports most of its materials from Asia, and it's obvious that we do this to cut costs."
- "Philip : It seems to me that when we speak of international outsourcing, we feel that this is a bad thing - something companies do to cut costs or exploit weaker economies."
- "Located in a secret offshore location to cut costs and hurt the global economy, your rehabilitation takes place entirely online."
- "Cost-cutting! Tax deductions!"
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