Cost-cutting (noun)

The act or process of reducing or eliminating expenses, especially in a business or organization.

Origin:

Formed by combining 'cost' and 'cutting'.

Examples:

1. The company's new cost-cutting measures have led to significant reductions in overhead.
2. The cost-cutting initiatives included reducing employee benefits, consolidating facilities, and outsourcing certain operations.
3. The cost-cutting program helped the company improve its bottom line and become more competitive in the market.
4. The cost-cutting measures were implemented in response to declining profits and increasing competition.
5. The CEO announced that cost-cutting would be a top priority for the company in the coming year.