cut (one's) losses

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Related to cutting losses: at first, cut a figure

cut (one's) losses

To stop an action that has resulted in loss or failure or leave a 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
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

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
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

cut one's losses

Withdraw from a losing situation, as in They decided to close down the unprofitable branch and cut their losses. This expression uses cut in the sense of "reduce" (also see cut down, def. 2).
See also: cut, loss
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

cut your losses

COMMON If you cut your losses, you decide to stop spending time, energy, or money on an activity or situation on which you have already spent a lot without having any success. Competition in the market was so strong, we decided to cut our losses and close the business. Only you can decide if you should push on to the end of your degree or cut your losses and get out.
See also: cut, loss
Collins COBUILD Idioms Dictionary, 3rd ed. © HarperCollins Publishers 2012

cut your losses

abandon an enterprise or course of action that is clearly going to be unprofitable or unsuccessful before you suffer too much loss or harm.
The sense of cut here is probably ‘sever yourself from’ rather than ‘reduce in size’.
1991 Jane Smiley A Thousand Acres Ginny is eternally hopeful, you know. She never cuts her losses. She always thinks things could change.
See also: cut, loss
Farlex Partner Idioms Dictionary © Farlex 2017

cut your ˈlosses

stop doing something that is not successful before the situation becomes even worse: When our rent went up we decided to cut our losses and close the store.
See also: cut, loss
Farlex Partner Idioms Dictionary © Farlex 2017

cut one’s losses

tv. 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.
See also: cut, loss
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.

cut (one's) losses

To withdraw from a losing situation.
See also: cut, loss
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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References in periodicals archive ?
Healthcare specialist Maelor is still losing money, but latest figures show significant success in cutting losses. Results for the six months to September 30 show a 44% leap in turnover to pounds 1.33m and a fall in operating losses from pounds 429,000 to pounds 93,000.
GM Europe missed its goal of substantially cutting losses last year, and reported a loss of pounds 496 million before income taxes and other items.
It appears the exercise is aimed at cutting losses incurred by the Post Office through mismanagement, and the public has to suffer.
Cutting losses. On the positive side, lowering your Loss rate on equipment can return significant savings.
Orange lost pounds 49.1million before tax in the six months to June 30, cutting losses by a third from pounds 73.5m for the corresponding period last year.
But Orange is still in the red despite cutting losses by pounds 52 million to pounds 73 million in the six months to July.