cutback

Từ điển Oxford Advanced Learner 8th

cut·back [cutback cutbacks] BrE [ˈkʌtbæk] NAmE [ˈkʌtbæk] noun usually plural ~ (in sth)
a reduction in sth
•cutbacks in public spending
•staff cutbacks

Example Bank:
•Many schools are having to make major cutbacks.
•a sharp cutback in military spending
•Schools and hospitals will need to be prepared for sharp cutbacks in public spending.
•There have been substantial staff cutbacks in order to save money.