Cutback is used for noise abatement.
The flight is in the 3rd segment of climb where power can be reduced
KSNA is the best example
Here is a quick look at the individual segments that make up the climb procedure (4 total)
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How are take-off segments defined?
From take-off performance calculations I remember that the take-off and initial climb was expressed in a number of segments. Each segment had its own performance requirements. I presume they areaviation.stackexchange.com