Corporate Restructuring Terms

verb to be fired or dismissed from a job

adjective having been fired or dismissed from a job

• After multiple warnings, the employee was finally pink-slipped for consistent underperformance.
• I heard Sarah got pink-slipped from her job at the marketing agency.
• He was so lazy at work, it was only a matter of time before he got pink-slipped.
• Losing that account was a huge blow to the company, it was like getting pink-slipped in the middle of a recession.

noun the process of converting a mutual company into a publicly traded company by selling shares to the public

• The demutualization of the insurance company was a complex process that involved converting its ownership structure.
• They talked about demutualization at the meeting, but I didn't really understand what it meant.
• Demutualization sounds like a made-up word, doesn't it?
• The demutualization of the club changed the dynamic among its members, leading to new opportunities and challenges.