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English definition of “cost-cutting”

cost-cutting

noun [U]     /ˈkɒstˌkʌt.ɪŋ/ US  /ˈkɑːstˌkʌt̬-/
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 measures Paying and spending money
(Definition of cost-cutting noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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