Dismissed, cut (4)
I believe the answer is:
axed
I believe this clue is a double definition.
'dismissed' is the first definition.
(I've seen this in another clue)
'cut' is the second definition.
(I've seen this in another clue)
(Other definitions for axed that I've seen before include "Felled" , "Made redundant" , "Abandoned or curtailed - using hatchet?" , "Cancelled or dismissed suddenly" , "Sacked or terminated - with hatchet?" .)