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English definition of “axe”

axe

verb [T] (also US ax)
 
 
/æks/
HR, WORKPLACE, MANAGEMENT to get rid of large numbers of employees, especially in order to reduce costs: axe jobs/posts/staff One of the UK's biggest retailers yesterday unveiled plans to axe up to 1,000 jobs in an attempt to kickstart its recovery.
to stop providing a particular service because it is no longer profitable: Increased competition has forced several low-cost airlines to axe flights on major routes.
(Definition of axe verb from the Cambridge Business English Dictionary © Cambridge University Press)
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