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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.
(Definition of axe verb from the Cambridge Business English Dictionary © Cambridge University Press)
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