axe /aks/ verb
3rd person present: axes
1. end, cancel, or dismiss suddenly and ruthlessly. Similar: cancel withdraw drop abandon end terminate put an end to discontinue scrap cut junk ditch dump give something the chop pull the plug on knock something on the head dismiss give someone notice throw out get rid of lay off let go discharge make redundant sack fire kick out boot out give someone the sack give someone the boot give someone the bullet give someone the push show someone the door give someone the elbow give someone their cards
2. cut or strike with an axe, especially violently or destructively.

Old English æx, of Germanic origin; related to Dutch aaks and German Axt.