1. The practice of reducing expenses or spending in order to save money, often by eliminating unnecessary services, products, or staff
The company implemented cost cutting measures to improve profitability during the recession.
A empresa implementou medidas de redução de custos para melhorar a lucratividade durante a recessão.
2. Actions taken to decrease operational expenses without significantly affecting core business operations
Cost cutting in the manufacturing sector led to job losses.
A redução de custos no setor de manufatura resultou em perdas de empregos.