The word "axing" refers to the act of using an axe to cut or chop something, typically used to describe cutting down trees or chopping firewood. Full definition
A hand ax of the Acheulean style, found in nearby Kathu, may be a million years old. (discovermagazine.com)
EA drastically reduced the prices of loot boxes and then axed in - game microtransactions altogether, all of which happened before the game officially launched. (ibtimes.com)
Whatever the case, the game got axed for good reason. (esperino.com)