cut costs

idiom

: to spend less money
The company has tried to cut costs in several areas.

Examples of cut costs in a Sentence

Recent Examples on the Web State law requires insurers to meet annual premium-reduction targets, and the insurers negotiate hard with hospitals to cut costs. Bloomberg Opinion, Twin Cities, 20 Apr. 2024 In February, the company reduced its headcount by 15 percent to cut costs. Natallie Rocha, San Diego Union-Tribune, 19 Apr. 2024 Read Article > Feb 8, 2023 Disney’s laying off 7,000 as streaming boom comes to an end Illustration by Alex Castro / The Verge Disney is planning to lay off 7,000 workers to cut costs across the company. The Verge, 18 Apr. 2024 Many news outlets including the L.A. Times, Business Insider and Vice have laid off staff to cut costs. Wendy Lee, Los Angeles Times, 16 Apr. 2024 Tesla will lay off 10% of its global workforce in an effort to cut costs as the company deals with intense competition and falling EV sales. Emma Burleigh, Fortune, 16 Apr. 2024 Iger slashed about 7,000 jobs last year in an effort to cut costs. Andrew R. Chow, TIME, 3 Apr. 2024 That makes Los Angeles less attractive to studios looking to cut costs after major industry disruption. Roger Vincent, Los Angeles Times, 4 Apr. 2024 Piasecki says his team’s research illustrates that investments in the customer can boost revenues by 10% to 15%, cut costs by up to 20%, and improve customer retention rates by more than 30%. Lila MacLellan, Fortune, 1 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'cut costs.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Cut costs.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cut%20costs. Accessed 26 Apr. 2024.

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