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to cut costs
01
to reduce expenses or spending
Collocation
Example
The company is facing financial difficulties, so we need to meet trouble halfway and start cutting costs now.
He's known in the office as a penny pincher, always finding ways to cut costs.
The manager's decision to cut costs instigated a series of employee protests.
The CEO's command to cut costs led to layoffs and restructuring within the company.
The company decided to sell off its unprofitable divisions to cut costs.
