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English definition of “axe”

axe

noun (also US ax)     /æks/
get/be given the axe if employees, services, etc. get the axe or are given the axe, a decision is made to get rid of them: A planned expansion of Wyoming health programs could get the ax next year.
face the axe HR, WORKPLACE, MANAGEMENT if employees face the axe, they may lose their jobs, especially because their employer needs to reduce costs: Hundreds of construction workers are facing the axe after a fall in demand for new housing.
take an axe to sth/wield the axe HR, WORKPLACE, MANAGEMENT to decide to get rid of a large number of employees or to no longer provide particular services: Legislators are considering taking an ax to the latest spending plans. Companies have to know how to wield the axe when market conditions demand it.
the axe falls HR, WORKPLACE, MANAGEMENT if the axe falls, a company needs to get rid of a large number of employees or can no longer afford to provide particular services: The axe fell after the successful conclusion of merger talks between two of Germany's biggest banks.
have an axe to grind to have a strong opinion about something that you want other people to accept: Most shareholders have no ax to grind other than keeping company management honest.
(Definition of axe noun from the Cambridge Business English Dictionary © Cambridge University Press)
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