Posted in Finance, Accounting and Economics Terms, Total Reads: 504
Definition: Pink Slip Party
As the economic situation of economy or state of a company changes, many a times there are lay offs and salary cuts. The workforce is cut so that costs can be saved. Now the employees are said to have received pink slips when they were laid off. So Pink Slip Party is actually organized group of such people who have received a pink slip i.e. they have been laid off.
Pink slip parties were the brain child of Allison Hemming, founder of TheHiredGuns.com, an Internet consulting firm based in New York. These parties are open to all who have been laid off recently.
Lay off is not a very positive emotion but with Pink Slip parties people can meet and know other similar people. These parties are basically networking events where these people can discuss new jobs and gather leads to get new jobs.