cutbacks
Spending gets trimmed
Cutbacks are reductions in something, especially spending, services, or staff levels.
Organizations announce cutbacks when they need to reduce costs or scale down operations.
The company's cutbacks meant laying off three hundred workers.
Budget cutbacks often affect programs that serve the public.
The word carries negative connotations since cutbacks typically mean people lose jobs or access to services they previously had.
Mass job eliminations
- redundanciesUnneeded duplications or repetitions
- downsizingReducing workforce or scale
- rightsizingOptimizing employee numbers
- restructuringRearranging an existing framework
retrenchment · attrition · furloughs · headcount · staffing · severance · unemployment · outsourcing
Enforced economic stringency
- belt-tighteningReducing expenditures deliberately
- deficitAmount still owed
- budgetPlan for spending
- spendingOutlaying of funds
expenditure · funding · allocation · appropriation · revenue · treasury · fiscal · monetary
Cutting away excess
- slashingCutting with force
- paringCutting away rind
- curtailmentAct of reducing scope
- decreaseBecome or make smaller
rollback · shrinkage · contraction · lessening · reduction · squeeze · axing · pruning
Making more aerodynamic or efficient
- consolidationCombining into unified whole
- reorganizationChanging how something's arranged
- optimizationMaximizing efficiency or performance
- rationalizationInventing acceptable motives afterward
overhead · waste · lean · savings · economizing · tightening · prioritization · elimination
Suffering from difficult circumstances
- scarcityInsufficiency of something needed
- shortageDeficient supply of necessities
- declineDecrease or refuse
- deteriorationProcess of declining quality
underfunding · shortfall · compromised · reduced · diminished · struggling · strained · squeezed
layoffs
Mass job eliminations
- redundanciesUnneeded duplications or repetitions
- downsizingReducing workforce or scale
- rightsizingOptimizing employee numbers
restructuring · retrenchment · attrition · furloughs · headcount · staffing · severance · unemployment · outsourcing · offshoring
austerity
Enforced economic stringency
- belt-tighteningReducing expenditures deliberately
- deficitAmount still owed
- budgetPlan for spending
spending · expenditure · funding · allocation · appropriation · revenue · treasury · fiscal · monetary · surplus
trimming
Cutting away excess
- slashingCutting with force
- paringCutting away rind
- curtailmentAct of reducing scope
decrease · rollback · shrinkage · contraction · lessening · reduction · squeeze · axing · pruning · shaving
streamlining
Making more aerodynamic or efficient
- consolidationCombining into unified whole
- reorganizationChanging how something's arranged
- optimizationMaximizing efficiency or performance
rationalization · overhead · waste · lean · savings · economizing · tightening · prioritization · elimination
hardship
Suffering from difficult circumstances
- scarcityInsufficiency of something needed
- shortageDeficient supply of necessities
- declineDecrease or refuse
deterioration · underfunding · shortfall · compromised · reduced · diminished · struggling · strained · squeezed · stretched
- cutbacksdecrease, layoff, reduction, reductions, curtailing
- work problemslayoff, firing, low pay, burnout, deadline pressure
- budgetingbudget, budgets, budget app, budget template, budget allocation
- budgetsbudget, budgets, annual budget, capital budget, cash budget
- business troublesbankruptcy, crisis, failure, insolvency, layoffs
- frugalityfrugality, thrift, frugal, penny-pinching, economize
cutbacksinvestment
Deploying capital for returns
expansion plans · reinvestment · stimulus · scaling up · splurges
cutbacksexpansions
Increases in size
increases · additions · investments · injections · infusions