Ignoble business practice in which an employee is given the option to choose between being fired or accepting a lower possition with less pay and status. The employee usually takes whatever is offered, since in this day and age the prospect of being left on
the streets is frankly terrifying. The term comes from the
contraction of fired and hired. Also know as
Schrödinger's Contract, since at some point of the process you have a job and lack one at the same exact time.
- You hear about Merrin? He was called to the managers office and
offered to either gather his things and leave or accept an
internship post.
-
Bastards. They fihired him alright...