Pink Slip | Meaning and Definition

What is pink slip?

A pink slip is a notice of dismissal issued to an employee. The term “pink slip” can refer to the actual physical document, or it can be used as a metaphor for getting fired from one’s job. 

The origin of the term “pink slip” is unclear, but it is thought to derive from the custom of employers using pink paper when issuing notices of termination. In some cases, the pink slip may also contain information about why the person is being fired. For example, if an employee has been caught stealing from the company, that information may be included on their pink slip.

 

How does it work?

A pink slip is a notice from an employer to an employee that their job is being terminated. The notice may be delivered in person, by mail, or by email. 

The most common reason for receiving a pink slip is that the company has decided to reduce its workforce. However, there are other reasons for being given a pink slip, such as poor performance or violation of company policies.

If you receive a pink slip, you should immediately consult with an employment lawyer to discuss your legal rights and options. You may be entitled to severance pay, unemployment benefits, or other forms of compensation. The pink symbolism origins are unknown, despite its popularity. Peter Liebhold, a Smithsonian Institution curator who heads the museum’s work culture archive, has spent almost ten years looking for the original pink slip.