Meaning of the word cost-cutting in English
What does cost-cutting mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost-cutting
US /ˈkɑːstˌkʌt.ɪŋ/
UK /ˈkɒstˌkʌt.ɪŋ/
Noun
the process of reducing expenses within a business or organization to improve profitability
Example:
•
The company announced a series of cost-cutting measures to save money.
•
Aggressive cost-cutting led to several layoffs last year.
Adjective
intended to reduce the amount of money spent
Example:
•
The government is looking for cost-cutting opportunities in the budget.
•
We need a cost-cutting strategy to survive the recession.