1. The process or act of decreasing or lowering costs and expenditures in a business, organization, or personal budget
The company implemented an expense reduction strategy to improve profitability.
A empresa implementou uma estratégia de redução de despesas para melhorar a rentabilidade.
2. A financial measure aimed at cutting unnecessary costs and improving efficiency
Expense reduction initiatives helped the startup survive the economic downturn.
As iniciativas de redução de despesas ajudaram a startup a sobreviver à recessão econômica.