Idiom of the day :- Cut one’s losses

Idiom of the day :- Cut one’s losses

Usage, examples and definition of the Idiom :-

When the company directors told Mr. Jones to cut his losses, he took out his scissors and began cutting. That’s not the way to cut one’s losses. When we cut our losseswe stop spending time, money or energy on unprofitable projects. ‘Jones, cut our losses or we’ll soon be bankrupt !’ the manager shouted.