The phrase "as a result of cost cuts" is correct and usable in written English.
You can use it to explain the consequences or outcomes that occur due to reductions in expenses or budgetary constraints.
Example: "The company had to downsize its workforce as a result of cost cuts implemented last quarter."
Alternatives: "due to budget reductions" or "because of expense reductions."
Back then, the global services division – which handles IT contracts for big companies – was bleeding cash and generating a £2bn exceptional charge as a result of cost overruns; the pension fund deficit appeared enormous; and the dividend was cut.
The number of families who will benefit from the government's prized 30 hours free childcare offer has been cut by a third as a result of cost-saving changes to the eligibility threshold.
Look no further than J.& J.'s counseling of analysts not to raise their estimates of the company's margins as a result of the new cost cuts.
Abbey, which is part of Banco Santander, had pre-tax profit in the first half of 2005 of £294m - unchanged on the same period last year - largely as a result of cuts to costs rather than growth in revenue.
The company said its sales fell 13percentto to £1.37 billion, but its costs were lower as a result of job cuts at its headquarters and better terms from its suppliers.
Per Holtz-Eakin's group, the American Action Forum, millions of seniors will be subject to plan cancellations, fewer plan options, higher premiums, reduced doctor networks and higher overall out-of-pocket costs for Medicare benefits as a result of these cuts.
The employees were removed as part of cost cuts by new owners.
The same local authority that is switching off 5,000 street lights as a result of cuts to its central government grant is pursuing a libel action that is likely to cost a six, maybe even seven, figure sum.
If the cost of treatment is $200,000, say, then we are already some $2.6 million in the hole as a result of the proposed cuts.
