cutback

A cutback is a reduction in the size, scope, or operations of an organization or project. It typically involves decreasing resources such as staff, budget, or activities to improve efficiency or address financial challenges. For example, a company might implement a cutback by laying off employees or scaling back certain projects. This process helps manage costs but can also impact output or service levels. Cutbacks are often a strategic decision made in response to economic conditions, financial constraints, or changing priorities, aiming to stabilize or improve the organization's financial health.