Definition
The situation in which someone loses their job, typically due to company cutbacks or layoffs.
裁員（狀況）
Due to poor company performance, many employees are facing the axe.
由於公司業績不佳，許多員工面臨被裁員。
With the company restructuring, managers are worried they might also face the axe.
隨著公司重組，經理們擔心他們也可能被裁員。
During the economic downturn, many industries have wielded the axe.
在經濟低迷期間，許多行業都進行了裁員。