Difference between Cut back one’s losses and Cut one’s losses

cut back one’s losses—diminish costs, expenditures, etc.:

• The company said the new strategy was designed to help it cut back its losses.

cut one’s losses—

1. = cut back one’s losses:

• Many semiconductor firms which had overproduced … sought to cut their losses by quickly selling off their stockpiles of semiconductors.

2. withdraw from a losing or unsatisfactory situation:

• Bonaparte saw that he was beaten and, like the great man he was, cut his losses.