“Pink-slip” euphemistically is the other word asking an employee mostly of managerial class to call it quits. The reasons for asking a managerial person to quit are more out of business reasons and state of organizations health reasons rather than possibly the failure of employee to perform. The company’s financial health and market realities technology upgradation, joint ventures or business process reengineering may compel an organization to cut and reduce cost among other areas in man power area. So companies to maneuver the sensitive aspect of exit are develop a win-win arrangement put into implementation by the top management, HR professionals and the employees at the end of the exercise. Consistency, compassion and cooperation must be hallmarks of the successful organization exit practice.