take an axe to sth

take an axe to sth
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.

Main Entry: axe

Financial and business terms. 2012.

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Look at other dictionaries:

  • 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 …   Financial and business terms

  • axe — ▪ I. axe axe 1 [æks] also ax verb [transitive] informal 1. JOBS if a company axes jobs, it suddenly dismisses people in those jobs in order to reduce costs: • The company announced plans to axe 300 jobs …   Financial and business terms

  • wield the axe — 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… …   Financial and business terms

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