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cut losses

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.04 sec.
cut your losses
to stop doing something that is already failing in order to reduce the amount of time or money that is being wasted on it. I wasn't benefiting from the course and it was costing so much that I thought I'd better cut my losses.
See also: cut, loss
cut your losses
to stop wasting time or money on something by ending your connection to it. When a project is failing, you've got to learn to cut your losses and move on.
See also: cut, loss
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? References in periodicals archive
Japan Airlines is mulling a plan to lay off 3,000 employees, 6% of its workforce, over the next three years to help cut losses, according press reports.
Airline Finance News - Asia / Pacific by Airguide Online
Those gains are also forecast to cut losses to the range of 3 cents to 4 cents per share, compared to 6 cents per share for the year-ago quarter.
Equipment maker scores big with fiber optic triple play by Potkewitz, Hilary / Los Angeles Business Journal
Failure to take out the January low soon would signal a short-term low has been posted and would also be the signal to cut losses on the 1st.
Hogs by Pro Farmer
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