A cutter wheel for tire shearing having a unitary annular core with radially inward shoulders on both sides of the radially outward central portion of the core. Pie-piece shaped cutter segments are mounted atop the shoulders of each core with each cutter segment having a base and a blade atop the base, with cutter segments overlapping in a serrated fashion, beyond the central portion of the core. The central portion of the core is smooth, serving as a spacer between adjacent cutter segments. Each blade is split into two side-by-side blade segments, with the laterally outward blade segment experiencing greatest wear. The laterally inward blade segment mounted to a pie-piece shaped cutter segment by radial bolts, while the laterally outward blade segment is fastened to the laterally inward blade segment by axial bolts.