n. a notice of being fired, released, divorced, etc. : I hope I don't get my walking papers today. I need this job.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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A dismissal, as in They're downsizing, and I got my walking papers last week. This slangy expression, first recorded in 1835, refers to a written notice of dismissal.