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will be axing

  • future progressive
    of ax.
    ax
    noun
    an instrument with a bladed head on a handle or helve, used for hewing, cleaving, chopping, etc.

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Aston Martin has confirmed it will be axing 20% of its workforce, with the firm's net losses jumping 52% last year to £493.2m.

From BBC Feb. 25, 2026

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