Cut loss and move on sometimes is the best option. If you do, you lose a finger. If you don't, you lose your arm or arms later on.

有的时候割肉是最好的选择，现在不忍心损失一个手指，日后会损失一个甚至两个胳膊。

youdao

With more power cable application in transmission and distribution systems, the higher demand of cable fault location accuracy is necessary for reduction of the power cut loss.

电力电缆日益广泛地应用于输配电系统，为了减少电缆故障停电损失，对电缆故障测距的精度要求越来越高。

youdao

Their loss was partly due to a vicious price war between manufacturers that has cut margins to the bone.

他们的亏损部分是因为制造商之间把利润空间削减到了极点的一场恶性价格战。

《柯林斯英汉双解大词典》

The report said the company was still in the red, but was able to cut its loss from the year before.

VOA: special.2009.04.26

When that happens we just sell it, cut our loss and move on.

FORBES: Two Celebrated Investors Want To Fix Their Funds--And Chesapeake Energy

PulteGroup managed to cut its quarterly loss thanks to smaller charges, but that wasn't good enough for Wall Street, as investors are hungry to see real business growth from the home builder.

FORBES: Magazine Article

Of course, Greeks probably do not understand that 25% cut in salaries and loss of the bonus months is a lot softer option than what an uncontrolled exit from euro would create.

FORBES: Did Germany Just Walk Out?