to cut wood: to fell trees and gather timber or firewood, and so to cut something into shape.
This verb is narrow on purpose. Hebrew has a broad word for cutting something off or cutting it down (כָּרַת) and a separate word for hewing stone out of a quarry (חָצַב); this one is the axe in the forest, and its object is almost always wood. Deuteronomy 19:5 gives the scene in miniature: two men go out to the woods to cut timber, the axe head slips off the handle, and a law about accidental death follows from it.
In most of its appearances the word is not describing an action so much as naming a person by his work. "Woodcutters" is a job, and in four passages it is half of a fixed pair, woodcutters and water drawers. That pairing is shorthand for the bottom of the labor ladder, the people who fetch the two things every household needs and who own none of it. Joshua 9 assigns the Gibeonites to that station permanently as the price of their deception. Deuteronomy 29:11 uses the same phrase for the opposite effect: it reaches down to the lowest worker in the camp in order to say that the covenant includes even him.
One passage pulls the word away from firewood entirely. In Psalm 144:12 the daughters of a blessed people are compared to corner pillars shaped for a palace, and the cutting in view is fine finishing rather than rough chopping. Scholars are not fully agreed on what that picture is, which is why English versions differ there more than anywhere else the word appears.