What does "cost-cutting" mean?

Alternative form of cost cutting; also used attributively

What is a synonym for "cost-cutting"?

Common synonyms include: budget cut, cost savings, furloughing, retrenching.

noun

noun ·Rare ·Advanced level

Noun

1
Alternative form of cost cutting; also used attributively alt-of, alternative, uncountable
"a cost-cutting measure"

"The company's cost-cutting measures included laying off 250 employees."