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cost-cutting

noun [U]
 
 
/ˈkɒstˌkʌt.ɪŋ/ US  /ˈkɑːstˌkʌt̬-/

Definition

actions taken to reduce the amount that is spent on a service or within an organization: The recovery was achieved in the old-fashioned way, with cost-cutting and price increases. a cost-cutting exercise cost-cutting measuresPaying and spending money
(Definition of cost-cutting noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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