Pink Slip


DEFINITION of 'Pink Slip '

An informal or slang term referring to a notice of dismissal given to an employee. A pink slip is an official notification that a worker's position has been eliminated or that the worker's services are no longer needed. In other words, a pink slip is a termination notice.


A pink slip notifies an employee that he or she has been laid off or fired. The term can also be used as a verb, as in "I was pink-slipped today and no longer have a job." Pink slips can be handed out individually or en masse, as with large lay-offs and company closures.

  1. Unemployment Rate

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  3. Unemployment

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  5. Layoff

    1. When a company eliminates jobs regardless of how good the ...
  6. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
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