cost-cutting
noun [ U ]
uk/ˈkɒstˌkʌtɪŋ/ usthe process of reducing how much a company or organization spends:
Restructuring and cost-cutting has led to an increase in annual earnings for the industry.
cost-cutting
adjective [ before noun ]
cost-cutting measures/plans/programmes
cost cut
noun [ C ]
Council cost cuts will mean job losses in the area.