"severe hit" is correct and usable in written English.
It is typically used to refer to something that has been impacted significantly, especially a negative impact. For example: The country suffered a severe hit to its economy due to the pandemic.
The revelations are a severe hit to Wells Fargo's reputation.
"At the same time, morale takes a pretty severe hit any time you have layoffs.
The discussion of anointing Federer as the greatest of all time took another severe hit.
The neighborhood's residential market took a severe hit, and developers have put off major investments.
Men's employment has been declining for decades and took another severe hit in the recession.
As sales plunged in the 2000s, music retailers have also taken a severe hit.
That turns the spotlight on the Council speaker, Christine C. Quinn, who has been the mayor's handmaiden on altering term limits and whose own credibility took severe hits.
Only the severe HIT-6 score proportion of patients did not significantly differ between OnabotulinumtoxinA 195 U and 155 U over the 24 months, with the exception of the second injection time (6 months) in which the 195 U proportion of HIT-6 severe patients resulted significantly lower.
The latest order is another bold move in a world where most airlines are taking severe hits on their profits.
Although its current account deficit was high and the ringgit took severe hits, Malaysia escaped the clutches of the IMF in 1997.
My strategy the last couple of years has been to buy value stocks creamed in the crash that most investors would not not because they were financially shaky but because they were primarily in industries that had taken severe hits.
