to cut costs
- phrasal verb
- /kʌt kɔsts/
- I want each of you to examine your department and see where you can cut costs.
- cut costs and increase productivity
- cut production costs
- cut costs by outsourcing
They can replace people with AI and that by cutting costs, they're going to make more money.
- They can replace people with AI and that by cutting costs, they're going to make more money.
- So if you're cutting costs, you can't let them live in spacious living quarters, right?
- It seems like everything is more expensive these days, so you'd be wise to find proven ways to cut cost and boost performance at the same time.
- So, Ed, what happens when you have the champagne and cocaine of massive revenue growth while you're cutting costs?
- I think the more plausible thing to happen is that there will be further theoretical breakthroughs and there will be further insights that will cut down the cost of doing this.
- Yeah, could have cut costs just like, hey guys, here's my dog.
- I think a lot of people are always looking for excuses to cut costs, AKA people.
- It incentivizes cutting costs everywhere and sort of whatever has been making you money.
- You're you're looking at Keith and you're like, yo, let's come together and maybe we can cut costs now.
- But then increased competition and the arrival of Japanese luxury brands like Lexus forced Mercedes-Benz to make cheaper cars and cut costs costs.
Examples
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The analysis emphasizes the need to cut costs, increase productivity, and increase sales with competitive pricing.
Academic text (2012) -
McNally predicts that adding the second box will cut collection costs by $1 million annually.
Academic text (1999) -
But only if I cut production costs by half.
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We were told to cut costs.
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In fact, to cut costs, Twitter has not paid rent for any of its global offices for weeks.
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Similarly, agencies could cut costs and achieve more efficient rulemaking by consulting with interested parties.
Academic text (1995) -
"CAD/CAM was invented to cut costs and save time over manual methods," Nanno said.
Academic text (1994) -
The McDonald brothers had a very successful drive-in, but they decided to cut costs and simplify.
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It seems like everything is more expensive these days, so you'd be wise to find proven ways to cut cost and boost performance at the same time.
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To stay competitive, the company must cut costs by streamlining its operations.
Synonyms
Use less of something to avoid waste
To reduce how much you buy and use to save money and be healthier
Use less of something to save money or be healthier
To make something smaller in amount or number
Reduce the number of staff in a company to save money
Use money or resources carefully to avoid waste
To reduce spending because of money problems
To reduce expenses in a company or organization
To cut the amount of money a person or group uses by a lot
To spend less money to save or avoid debt
To cut spending by removing unnecessary costs from a budget
Antonyms
How Much
Surface Forms
Morphology
The meaning 'to reduce the amount of money spent' is directly and transparently derived from combining 'cut' (to reduce/remove) with 'costs' (amounts of money spent). This verb + noun compositional pattern is straightforward and common across languages, so a B1 learner who knows both words would readily infer the MWE meaning.
Etymology
Cut costs comes from the simple image of using scissors to trim away parts of a plan or budget. The word cut means to remove and costs are the money you spend, so the phrase means 'to reduce the amount of money spent'.