What is another word for cost cutting?
Pronunciation: [kˈɒst kˈʌtɪŋ] (IPA) 
"Cost cutting" is a commonly used term in the business world which refers to the process of reducing expenses to increase profits. There are several synonyms for this phrase such as expense reduction, budget cutting, cost minimization, and expenditure curtailment. These terms all have the same objective, to reduce expenses and maintain the financial stability of a business. Cost savings, austerity measures, downsizing, and rationalization are some other synonyms used for cost cutting. However, it is important to ensure that the cost-cutting measures do not affect the quality of products or service, customer satisfaction, or employee morale. Cost-cutting should be done in a prudent manner, so that the organization's goals and objectives are not compromised.
