cutbacks

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Definitions from WordNet

Noun cutback has 1 sense

cutback - a reduction in quantity or rate
--₁ is a kind of decrease, diminution, reduction, step-down
--₁ has particulars: service cutback
Derived form: verb cut back₂

Definitions from the Web

Term: Cutbacks

Description:

Cutbacks refer to reductions or decreases in spending, budget, or workforce, often implemented by organizations or governments to save costs or address financial challenges.

Parts of Speech:

Noun

Senses and Usages:

Reductions in spending:

Example: The company's recent cutbacks on marketing expenses resulted in a decline in brand visibility.

Reductions in budget:

Example: The government announced cutbacks in education funding, leading to concerns about the quality of schools.

Reductions in workforce:

Example: The organization implemented extensive cutbacks, resulting in layoffs and restructurings.

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