1. noun /æks/
a) A tool for felling trees or chopping wood etc. consisting of a heavy <! metallic (material is not essential, the axes used to be of stone in the stone age head flattened to a blade on one side, and a <! usually wooden (material is not essential) handle attached to it.
His girlfriend/boss/schoolmaster gave him the axe.
I had a job in the great North Woods
2. verb /æks/
The government announced its plans to axe public spending.
The broadcaster axed the series because far less people than expected watched it.
Wikipedia foundation.