pink slip

Definition

Slang term for an employee's termination notice, sometimes included with an employee's paycheck. A pink slip does not always indicate a psyical written notice, the phrase also can be used to indicate the overall situation of being laid off. The origin of the phrase is unknown, as there is no record of termination notices ever being written on pink paper.

Use pink slip in a sentence

The company is not doing so well, I heard by the end of the week they will be giving employees their pink slip.

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A great fear of employees at companies is that they will be given a pink slip which means they have been fired from their job.

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The pink slip was finally handed in by the intelligent employee who wished to immediately end his employment with the company.

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Pink Sheets pinning the strike