axe - definition and synonyms

verb [transitive] mainly journalism 

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/æks/
present tense
I/you/we/theyaxe
he/she/itaxes
present participleaxing
past tenseaxed
past participleaxed
  1. to close a business, stop providing a service, or get rid of workers that you do not need

    Almost 1,000 jobs were axed.