Learn how to say Cutbacks correctly in English with this tutorial pronunciation video.
Oxford dictionary definition of the word cutback:
a decrease or reduction
another word (esp US) for flashback
cut back (adverb)
(transitive) to shorten by cutting off the end; prune
when intr, foll by on to reduce or make a reduction (in)
(intransitive) (mainly US) (in films) to show an event that took place earlier in the narrative; flash back