1. Actions or strategies implemented to reduce expenses and lower overall costs in a business, organization, or budget
The company implemented cost-cutting measures to improve profitability during the economic downturn.
A empresa implementou medidas de redução de custos para melhorar a lucratividade durante a desaceleração econômica.
2. Specific policies or procedures designed to minimize spending without necessarily reducing output or quality
The government announced several cost-cutting measures to balance the budget.
O governo anunciou várias medidas de redução de custos para equilibrar o orçamento.