cutback
//ˈkʌtˌbæk//
Noun
cutbackSingular
cutbacksPlural
1
A reduction in something, especially in expenditure, staff, or services.
The company announced cutbacks in staff due to budget constraints.
2
In surfing or skateboarding, a sharp turn back toward the breaking part of a wave or the direction from which one came.
She executed a perfect cutback on the wave.