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to cut costs
01
to reduce expenses or spending
Example
The company is facing financial difficulties, so we need to meet trouble halfway and start cutting costs now.
The business executive ruthlessly cut costs, laying off employees without considering the human impact.
The company's usual strategy of cutting costs didn't work this time, so they had to try something different.
He's known in the office as a penny pincher, always finding ways to cut costs.
The company's decision to cut costs unexpectedly backfired, leading to a decline in product quality.
