cut losses

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Related to cut losses: pick up on, cut a deal, cut some slack, give it a shot

cut (one's) losses

To leave a troubling or failing situation before it gets worse. Man, this venture is going nowhere—I think we're better off cutting our losses than agreeing to rent this space for another year.
See also: cut, loss

cut one's losses

to do something to stop a loss of something. I knew I had to do something to cut my losses, but it was almost too late. Sell some of the high-priced stuff to cut your losses.
See also: cut, loss

cut (one's) losses

To withdraw from a losing situation.
See also: cut, loss
References in periodicals archive ?
This replacement will start this year and will allow to cut losses by half, the Severelectro Director General said.
Although the company managed to cut losses after tax by [pounds sterling]3.
Managem cut losses thanks to rising world metals prices and increased output at its mines.
The cash comes as a reward for helping the troubled bank cut losses from pounds 1.
The global unveiling of Figo in India comes at a time when Ford is struggling to cut losses worldwide and adopted a global strategy called ' One Ford' under which it will use the same global platforms to generate various products in different markets.
AaAsian shares edged up as the data supported regional recovery hopes, while the Australian dollar cut losses against the dollar and yen and oil prices rose above $72 a barrel.
Gulf Air, a loss-making airline based in Bahrain, said on Tuesday it would cut losses by shedding 25 percent of its work force, or about 1,500 jobs, a move that could send shockwaves through the Gulf kingdom.
His solution to cut losses at Jaguar includes axing the X-Type.
Mitsubishi is to supply 30,000 SUVs a year to Peugeot - its latest bid to cut losses at underused plants.
Weak financing paired with patents nearing expiration have driven companies to look for quick ways to expand their product portfolios and cut losses.
Nearly eight years after the Oslo deal, it was time to cut losses.
7 billion by 2007 to build natural gas pipelines, part of a plan to cut losses on its gas business by winning new customers.
Switzerland's national airline Swiss, issued an upbeat assessment of its efforts to cut losses and shed thousands of jobs.
Some analysts said Hynix may face a struggle to cut losses further as chip prices fall again.
Now, it makes sense to cut losses and cut taxes at the same time," added Gold.