cut (one's) losses
To withdraw from a losing situation

[TahlilGaran] Dictionary of Contemporary English ▲

cut one's losses
to do something in order to stop losing additional money or time, to reduce one's losses of money or something else

[TahlilGaran] Dictionary of Contemporary English ▲

cut losses
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.

[TahlilGaran] English Idioms Dictionary ▲

cut one's losses
to do something in order to stop losing additional money or time etc.; to reduce one's losses of money or something else
We should sell the old machinery soon and try to cut our losses.

The owners decided to sell the soccer team in order to cut their losses.

We decided to cut our losses and sell our business before it lost too much money.

[TahlilGaran] English Idioms Dictionary ▲

cut one's losses
v. phr. To stop spending time, money, or energy on unprofitable projects and concentrate on what goes well.
"Just cut your losses, Jim," his father suggested, "and get on with the rest of your life."

[TahlilGaran] English Idioms Dictionary ▲