wield the axe

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 to know how to wield the axe when market conditions demand it.

Main Entry: axe

Financial and business terms. 2012.

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