cost-cutting
Reducing operational expenses
Cost-cutting is the reduction of expenses, typically by an organization seeking to improve profitability or survive financial pressure.
The term often carries negative connotations, implying that savings come at the expense of quality, safety, or workers: The airline's cost-cutting measures led to longer wait times.
As a modifier: cost-cutting initiatives, cost-cutting layoffs.
Cutting away excess
- prioritizingOrdering by importance
- frugalityEconomical resource management
- zero-based budgetingAllocation requiring complete rejustification
- forecastingEstimating future conditions
expense tracking · allocation · fiscal discipline · bulk purchasing
Reducing workforce or scale
- layoffsMass job eliminations
- restructuringRearranging an existing framework
- consolidationCombining into unified whole
- outsourcingThird-party task delegation
offshoring · rightsizing · divestiture · redundancies · headcount reduction · workforce reduction · early retirement · voluntary separation
Reducing expenditures deliberately
- cutbacksReductions in spending
- budget cutsPlanned spending reductions
- spending freezeHalt to disbursements
- retrenchmentReduction of expenditures
sequestration · rationing · hardship · recession · financial crisis · salary freeze · hiring freeze · pay cuts
Making more aerodynamic or efficient
- optimizationMaximizing efficiency or performance
- leanLacking fat; incline
- automationSelf-operating system design
- productivityOutput relative to input
kaizen · just-in-time · standardization · resource allocation · continuous improvement
Reduced price offered
- bargainFavorable purchase price
- markdownReduction in retail price
- clearancePermitted passage or approval
- rollbackReturn to prior condition
rebate · bulk buying · wholesale · liquidation · closeout · fire-sale · cut-rate · promotional pricing
trimming
Cutting away excess
- prioritizingOrdering by importance
- frugalityEconomical resource management
- zero-based budgetingAllocation requiring complete rejustification
forecasting · expense tracking · allocation · fiscal discipline · bulk purchasing
downsizing
Reducing workforce or scale
- layoffsMass job eliminations
- restructuringRearranging an existing framework
- consolidationCombining into unified whole
outsourcing · offshoring · rightsizing · divestiture · redundancies · headcount reduction · workforce reduction · early retirement · voluntary separation · plant closure
belt-tightening
Reducing expenditures deliberately
- cutbacksReductions in spending
- budget cutsPlanned spending reductions
- spending freezeHalt to disbursements
retrenchment · sequestration · rationing · hardship · recession · financial crisis · salary freeze · hiring freeze · pay cuts · furloughs
streamlining
Making more aerodynamic or efficient
- optimizationMaximizing efficiency or performance
- leanLacking fat; incline
- automationSelf-operating system design
productivity · kaizen · just-in-time · standardization · resource allocation · continuous improvement
discount
Reduced price offered
- bargainFavorable purchase price
- markdownReduction in retail price
- clearancePermitted passage or approval
rollback · rebate · bulk buying · wholesale · liquidation · closeout · fire-sale · cut-rate · promotional pricing · loss leader
- Government Reformbudget reform, fiscal reform, government reform, policy reform, regulatory reform
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- money managementsaving, savings, budgeting, budget planning, expense tracking
- cutbackscutback, cutbacks, decrease, layoff, reduction
- efficiencyoptimization, efficient, streamlining, effective, optimize
- frugalityfrugality, thrift, frugal, penny-pinching, economize
cost-cuttinginvestment
Deploying capital for returns
spending · expenditure · investing · capital investment · expansion
cost-cuttingexpansion
Increase in scope
growth · scaling up · hiring spree · growth strategy · business development
cost-cuttingsplurging
Spending freely, excessively
extravagance · profligacy · free spending · largesse · overspending