Meaning of AXE in English

I. axe 1 BrE AmE ( also ax American English ) /æks/ noun [countable]

1 . a tool with a heavy metal blade on the end of a long handle, used to cut down trees or split pieces of wood ⇨ ↑ pickaxe

2 . the axe informal if someone gets the axe, they are dismissed from their job:

100 workers are facing the axe in a cost-cutting exercise.

3 . the axe informal if a plan, system, or service gets the axe, someone gets rid of it:

MPs know there will be cuts in public spending but do not know on which department the axe will fall.

4 . have an axe to grind to have a strong personal opinion about something which is the reason why you do something:

I need objective advice from someone with no axe to grind.

II. axe 2 BrE AmE ( also ax American English ) verb [transitive]

1 . to suddenly dismiss someone from their job:

There are plans to axe 2,600 staff.

2 . to get rid of a plan, system, or service, especially in order to save money:

TV’s longest running show is to be axed.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.