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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.
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Origin of pink-slip

First recorded in 1950–55

pink slip

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