Meaning of the word "cut benefits" in English

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

cut benefits

US /kʌt ˈben.ə.fɪts/
UK /kʌt ˈben.ɪ.fɪts/
"cut benefits" picture

Phrase

to reduce the amount of money or services provided by a government or organization to people in need

Example:
The government decided to cut benefits for the unemployed to reduce the national deficit.
Many families struggled after the company had to cut benefits like health insurance.