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English definition of “cost-cutting”

cost-cutting

noun [U] uk   /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 measuresPaying and spending money
(Definition of cost-cutting from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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