"Massive cutbacks" refers to a significant reduction or decrease in something, usually related to resources, spending, or activities. It indicates a substantial and noticeable scaling back of something. Full definition
Despite massive cutbacks on exploration and development, companies like Shell and BP still need a price of US$ 60 a barrel by the end of this year if they are to break even on many of their current projects — almost double the current market price. (climatenewsnetwork.net)
«The most dangerous thing this union faces today is the budget crisis,» UFT President Michael Mulgrew told delegates at their May 12 meeting as he discussed a new campaign, For our kids, to stop massive cutbacks. (uft.org)
Nineteen governors facing massive cutbacks and major budget shortfalls — including four Republicans — released a joint letter last week urging Congress to pass stimulus legislation. (politicalticker.blogs.cnn.com)