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pink-slip

[pingk-slip]
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verb (used with object), pink-slipped, pink-slip·ping.
  1. to dismiss from a job: He will be pink-slipped next month.

Origin of pink-slip

First recorded in 1950–55

pink slip

noun
  1. notice of dismissal from one's job.

Origin of pink slip

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for pink-slip

pink slip

noun
  1. US informal a notice of redundancy issued to an employee
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012