Cost-cutting measures are strategies implemented by businesses or organizations to reduce expenses and improve financial efficiency. These measures can include reducing staff, renegotiating contracts, or finding cheaper suppliers. The goal is to maintain or improve profitability while minimizing the impact on operations. Organizations may also adopt technology to streamline processes, such as using software to automate tasks. Additionally, they might review their budgets to identify unnecessary expenditures. By carefully analyzing their spending, companies can make informed decisions that help them remain competitive in the market while ensuring long-term sustainability.