What is "cost cutting"

Usage examples of "cost cutting".

Because the local government had hired the Frisians at a monthly flat rate, cost cutting had a direct, one-to-one effect on President Hammer's profit margin.

Rodham, however, had agreed to the ship's crews being paid off and assigned to inactive reserves as a cost cutting measure, a fact which meant that hundreds of thousands of highly trained personnel were being pulled from their ships and demobilized as quickly as ships were pulled from the front and sent to the main bases either above Earth, Sirius, or out at Carnovean Station.

A certainty that USB would act decisively to improve its lagging return on assets, and thus profitability, be it through cost cutting or more aggressive trading.