Definition of Pink Slip
What is a "pink slip"? What does the term "pink slip" mean?
If a company gives you a "pink slip", then they are telling you that your services are no longer required and that your position is being terminated.
![What is a Pink Slip? - Definition](https://www.davemanuel.com/images/def_pink_slip.gif)
It is thought that the Ford Motor company used to include a pink piece of paper in a worker's cubbyhole if their standard of work was deemed to be unacceptable, but this has never been verified. Source: Snopes.com
Whatever the case may be, workers have come to dread the term "pink slip", as it means that they no longer have a job.
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