The company recently implemented strict cost-cutting measures to reduce expenses.

cost-cutting 是由名词 cost（成本）和动词 cut（削减）组成的复合词，中间用连字符连接。cost 指"费用、成本"，cut 指"削减、减少"。 cost-cutting 作为复合形容词，表示"削减成本的"，用来描述那些旨在减少开支的措施或方法。