costcutting
Trimming the budget
Cost-cutting is the practice of reducing expenses, typically in business or government: The company's cost-cutting measures included layoffs and office closures.
Often used attributively: cost-cutting initiatives, cost-cutting efforts.
The term frequently carries negative connotations, implying that quality or workers may suffer.
Also spelled cost cutting or cost-cutting.
Reducing workforce or scale
- layoffsMass job eliminations
- restructuringRearranging an existing framework
- outsourcingThird-party task delegation
- streamliningMaking more aerodynamic or efficient
redundancies · consolidation · headcount · efficiency · overhead · workforce reduction · hiring freeze · offshoring
Allocating funds systematically
- couponingSeeking promotional discounts
- DIYAmateur home projects
- thriftingPurchasing secondhand merchandise
- meal planningScheduling what you'll cook
carpooling · bulk buying · secondhand · energy conservation · downsizing · refinancing · comparison shopping · homemade
Productive without waste
- optimizationMaximizing efficiency or performance
- waste reductionDecreasing material for disposal
- leanLacking fat; incline
- process improvementEnhancing operational efficiency systematically
automation · bulk purchasing · renegotiation · energy savings · supply chain · procurement · standardization · preventive maintenance
Enforced economic stringency
- trimmingCutting away excess
- slashingCutting with force
- tighteningMaking less loose
- reductionMaking something smaller
economizing · belt-tightening · frugality · savings · fiscal discipline · spending freeze · rollback · curtailment
Insufficient workforce levels
- burnoutChronic occupational depletion
- moraleGroup emotional well-being
- shortcutsQuicker methods or paths
- deferred maintenancePostponed upkeep work
overwork · short-termism · penny-wise · false economy · backlash · turnover · dissatisfaction · compromise
downsizing
Reducing workforce or scale
- layoffsMass job eliminations
- restructuringRearranging an existing framework
- outsourcingThird-party task delegation
streamlining · redundancies · consolidation · headcount · efficiency · overhead · workforce reduction · hiring freeze · offshoring · attrition
budgeting
Allocating funds systematically
- couponingSeeking promotional discounts
- DIYAmateur home projects
- thriftingPurchasing secondhand merchandise
meal planning · carpooling · bulk buying · secondhand · energy conservation · downsizing · refinancing · comparison shopping · homemade · potluck
efficiency
Productive without waste
- optimizationMaximizing efficiency or performance
- waste reductionDecreasing material for disposal
- leanLacking fat; incline
process improvement · automation · bulk purchasing · renegotiation · energy savings · supply chain · procurement · standardization · preventive maintenance · workflow
austerity
Enforced economic stringency
- trimmingCutting away excess
- slashingCutting with force
- tighteningMaking less loose
reduction · economizing · belt-tightening · frugality · savings · fiscal discipline · spending freeze · rollback · curtailment · reductions
understaffing
Insufficient workforce levels
- burnoutChronic occupational depletion
- moraleGroup emotional well-being
- shortcutsQuicker methods or paths
deferred maintenance · overwork · short-termism · penny-wise · false economy · backlash · turnover · dissatisfaction · compromise · erosion
costcuttingspending
Outlaying of funds
investment · expenditure · splurging · capital investment · free spending
costcuttingexpansion
Increase in scope
growth · scaling up · reinvestment · empire building · talent acquisition
cost, cutting, costs, costed, costing, costly, costliness, cuts, cutter