Abdicate is a very formal word for everyday speech. It is an accurate statement, but you might raise some brows. Abdication is a word most people will only associate with royalty relinquishing their rights to a throne. As you can imagine, this might not be the best word choice for losing a job (unless you are indeed royalty 😉). I would suggest one of the following: “I was terminated from my job.” “I was let go from job.” “I was laid off.”

I abdicate my responsibility if you lose your job. I would abdicate my responsibility if you lost your job. No, Samar, I don't think you would ever hear this in a conversation. It might possibly be used in a written communication, but even then, it sounds over formal for this context and even archaic

Sure, you could say it like "I'd abdicate my responsibility if you lost your job" but that's a really, REALLY, uncommon phrase, and you will probably never hear it used

Hi Samar, yes. For example, let us say I am using the phrase to resign from Italki as a teach. I would say "I hereby abdicate my responsibility as a teacher on italki"

I abdicate my responsibility if you lose your job.