Pink Slip

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Hi friends I bet, this the most dreaded pair of words in coporate world. Luckily, no one from my family has got it, but one of friends isn't as lucky as me. She has got the 'Pink Slip'. She is under terrible shock as she never expected this. Hope you'ven't got a pink slip. But do you know someone who has got it and how he/she is tackling the situation?