Odd expression

[Rich7]

have you heard this?

cut and lose?

[Torsten]

Richard,

Could you provides us with a little more context, please? I can imagine the following sentence:

When employees are in danger of being laid off as a result of downsizing they tend to accept a huge pay cut and lose social benefits later on.
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[Rich7]

thanks again, IT might be it because it had to do with that.They were speaking about jobs.