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Meaning of “cut back” in the English Dictionary

(Definition of cut back from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cut back" in Business English

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cut back

phrasal verb with cut uk   us   /kʌt/ verb [T] (cutting, cut, cut)
[I or T] to do less of something, or use something in smaller amounts, especially money: With orders down, many companies are cutting back. We are trying to cut back on travel costs. The firm has cut back hours at its factory.
(Definition of cut back from the Cambridge Business English Dictionary © Cambridge University Press)
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