Woodsman's Axe does not speed up tree chopping, the buff does not actually work. I have a few hundred trees that refuse to keel over by themselves, so please fix.
Presumably Woodsman's Token is also affected, but I didn't bother testing it.
I too have noticed this since last update. Before the update, a full stamina bar was enough to chop a tree (as wiki states). After the update it's more like three bars.
Woodsman's Token is still broken. The gilds offer no improvement to chopping speed and it seems that the equipment screen displays 0% buff to it. Woodsman's axe appears to be fixed at least.