rescind

verb

Etymology: From the Latin rescindō (“to cut back”), from re- (“back”) + scindō (“to cut”).

1. To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect.

   “The agency will rescind the policy because many people are dissatisfied with it.”

   “Coinbase also rescinded hundreds of job offers. Some of those new hires had already quit their previous jobs, or were relying on Coinbase to maintain their work visas.”

2. To cut away or off.