Pink slip refers to the American practice, by a personnel department, of including a discharge notice (printed on pink paper) in an employee's pay envelope to notify the worker of his or her termination of employment or layoff. The term is first recorded in 1906; originally the color of the paper had no particular significance. In the UK and Ireland the equivalent of a pink slip is a P45, in Belgium the equivalent is known as a C4.
Colour-Coded Alert: Pink Slipped? Geetanjali Pandit Gives You Coping Strategies to Emerge Stronger, Wiser and Better
Sep 18, 2013; "The one inescapable fact of modern day corporate life, in the best of economies and finest markets, and most certainly at the...