pink-slip

pink slip

noun
notice of dismissal from one's job.

Origin:
1910–15

Dictionary.com Unabridged

pink-slip

[pingk-slip]
verb (used with object), pink-slipped, pink-slipping.
to dismiss from a job: He will be pink-slipped next month.

Origin:
1950–55

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
pink slip
 
n
informal (US) a notice of redundancy issued to an employee

Collins English Dictionary - Complete & Unabridged 10th Edition
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