Green’s Dictionary of Slang

axe v.

to close down, to terminate; to dismiss, esp. of businesses, jobs; thus axed.

[UK]‘J.H. Ross’ Mint (1955) 31: The ‘axed’ Devonport apprentices [...] despise our mob.
[Aus]Queenslander (Brisbane) 17 May 43/4: Ted was looking for a job, having been ‘axed,’ and was at present staying with his rich aunt.
[Aus] ‘Whisper All Aussie Dict.’ in Kings Cross Whisper (Sydney) xxxii 6/1: axed: To get fired, the bullet.
[UK]G.F. Newman Sir, You Bastard 11: An incident which led him to the DCS’s office for axing.
[UK]Guardian G2 23 June 17: Channel 5’s decision to axe the thrice-weekly slot is significant.
[UK]Indep. on Sun. 23 Jan. 6: Axing some programmes [...] showing their age.
M. Koryta Tonight I Said Goodbye 123: You beat up one of the city’s most prominent lawyers and got axed for your stupidity.
[Aus]T. Spicer Good Girl Stripped Bare 204: Most women in our line of work are axed or sidelined once they have children.

SE in slang uses

In phrases