Meaning of the word "cut costs" in English

What does "cut costs" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cut costs

US /kʌt kɔːsts/
UK /kʌt kɒsts/
"cut costs" picture

Phrase

to reduce the amount of money that is spent on something

Example:
The company had to cut costs to avoid going bankrupt.
We are looking for new ways to cut costs in the kitchen.