Code for "shitcanned". Used by managers and employees during general water cooler discussion as a means of avoiding sounding alarm about an approaching layoff. While the word "shitcanned" has been around for years, the code "SC" has only become commonplace during the economic downturn of 2008 and 2009.
Two managers are standing in the break room eating doughnuts and drinking coffee.
Manager 1: What is Mary doing over there? I never see her do any actual work.
Manager 2: Don't worry, I hear she is SC next week.
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