pink slip

¹

noun

1. notice of dismissal from one's job.

pink-slip

²

[pingk-slip]

verb (used with object)

pink-slipped, pink-slipping 

1. to dismiss from a job.

   He will be pink-slipped next month.

pink slip

noun

1. informal,  a notice of redundancy issued to an employee

Word History and Origins

Origin of pink slip¹

First recorded in 1910–15

Origin of pink slip²

First recorded in 1950–55

Example Sentences

And last week, Boston University announced it would give pink slips to about 120 staff members in an attempt to reduce its budget by 5%.

Read more on Los Angeles Times

Workers posted about their pink slips on the social network, letting hiring managers and recruiters know that they were open to work.

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Due to recent cuts and threats, nearly 1000 Head Start employees in California have already received pink slips, Ahrens said.

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“I don’t want to see thousands and thousands of pink slips go out. I don’t want to see disruption in the system,” he said.

Read more on Seattle Times

“It’s more of a warning than a pink slip,” Ms. Greene told reporters on the steps of the Capitol.

Read more on New York Times