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Definition of pink slip noun from the Oxford Advanced Learner's Dictionary

pink slip

noun
 
/ˈpɪŋk slɪp/
 
/ˈpɪŋk slɪp/
(North American English, informal)
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  1. a letter given to somebody to say that they must leave their job
    • About 40% of the department’s 78 engineers received pink slips.
See pink slip in the Oxford Advanced American Dictionary
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