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.
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