Meaning of “cost-cutting” in the English Dictionary

(Definition of “cost-cutting” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost-cutting" in Business English

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cost-cuttingnoun [ U ]

uk /ˈkɒstˌkʌtɪŋ/ us

the process of reducing how much a company or organization spends:

Restructuring and cost-cutting has led to an increase in annual earnings for the industry.
adjective [ before noun ]

cost cut
noun [ C ]

Council cost cuts will mean job losses in the area.

(Definition of “cost-cutting” from the Cambridge Business English Dictionary © Cambridge University Press)