Meaning of “hack away at sth” in the English Dictionary

Business

"hack away at sth" in Business English

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hack away at sth

informal
phrasal verb with hack uk /hæk/ us verb [ I or T ]

to slowly reduce the amount of money, staff, or resources that are needed in order to be successful:

Profits are in a free fall, and companies are slashing spending on new equipment and hacking away at payrolls.

(Definition of “hack away at sth” from the Cambridge Business English Dictionary © Cambridge University Press)