There are numerous synonyms that can be used for the term "cuts lots." Some of the most commonly used ones include slashes, reduces, minimizes, decreases, trims, shrinks, slices, prunes, curtails, and lessens. All of these terms refer to the process of making something smaller or less in quantity. For example, if a company wants to reduce its expenses, it would look for ways to cut lots of costs. Similarly, if a chef wants to make a recipe healthier, they might use an alternative ingredient that will minimize the calories and cut lots of fat. Overall, these synonyms offer us a rich range of vocabulary that we can use to express the idea of reducing something by a significant amount.