Getting canned, getting axed or being let go all mean losing one’s job. Some employers are required to put the impending lay-off or termination in writing. In this case we would say getting pink slipped, which means you are being laid off. Laid off means you are temporarily losing your job, which could also result in time as losing it permanently. This often happens with seasonal workers or workers who are hired when work demand is high and then let go when work demand is low.