We cut the expenses to the bone.

我们彻底削减费用。

youdao

Look for expenses that can be cut back, and don't give up in the face of high fixed expenses.

找一些可以削减的花销，在高昂的固定花销方面不要放弃。

youdao

When father lost his job, our living expenses had to be cut to the bone.

父亲失业后， 我们不得不把生活费用减低到最低限度。

《新英汉大辞典》

And while this move will help the bank cut down its compensation expenses, the benefit will be more than neutralized by a significant reduction in revenues.

FORBES: BofA's Proposed Job Cuts May Do More Harm Than Good

Investors are aware that corporate managers have cut expenses to the bone, and they remain haunted by a lack of topline revenue growth.

FORBES: Austerity Does A Lizzie Borden Number On The Recovery

The company said the program will cut annualized operating expenses and production overhead by about 1 billion Euros a year by the end of 2013.

FORBES: Nokia Siemens To Cut 17,000 Jobs In Restructuring