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Cut Back  
Level
Associate
'Cut-back' is used when we have to lessenmake smaller or lesser or lower something, often because it's too much or not necessary. Like in business, if the company isn't making enough money, they might cut-back on employee benefitsextras that workers receive.
Context
Business
In the corporate world, 'cut-back' might be a reduction of expenditureamount spent or resources due to budget constraintslimited amount of money to spend. For instance, a CEO could announce, 'Due to economic downturna decline in the economy, we need to cut-back on our marketing budget.'

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