High ACoS isn't always a targeting problem, often it's upstream of your campaigns entirely.
ACoS climbing month over month is one of the most common reasons sellers reach out to an agency, but it's also one of the most misdiagnosed.
ACoS on its own is not good or bad, it's only meaningful relative to your margin. Before touching a single bid, know your actual break-even ACoS.
Before changing anything: separate "ACoS is too high because of wasted spend" from "ACoS is too high because conversion rate is weak." They require completely different fixes.
Slashing budgets across the board usually backfires, it tanks organic rank along with ad spend. A targeted approach almost always outperforms an across-the-board cut.