cost cutting
Definition
Initiatives that focus on reducing expenses through methods such as lowering salary costs, conserving necessary resources, or consolidating office spaces to decrease facilities expenses in order to improve the financial health of an organization. Cost cutting measures are often employed to keep a business operating through difficult economic periods.
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Business Tips
Cutting Costs to Create Big Savings
Get paid what you're worth and spend less than you earn. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution ... Read more
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