cost cutting
Plural
cost cuttings
1
the practice of reducing expenses or overhead in order to increase profitability or save money
- The manufacturing plant automated certain processes to achieve cost cutting in labor expenses.
- The office implemented energy-saving initiatives to achieve cost cutting in utility bills.
- The transportation company implemented fuel-efficient vehicles to achieve cost cutting in operational expenses.
- The university implemented cost cutting measures by reducing non-essential services.
- The government agency implemented budget cuts as part of its cost cutting strategy.