There are different ways to talk about hiring and firing (giving people work and taking it away from them). Some of these expressions are informal. For example, we say to take someone on (give someone a position of work) whereas to hire or to recruit a person sounds more formal. Avoid the expression to contract somebody, which sounds Spanglish. There are very colloquial expressions to describe when a boss doesn't want us any more. For example, to fire or sack a person or give someone the sack are used when an employer gets rid of an employee for having done something very wrong at work. But in a more formal and polite way we often just say to ask someone to leave or to dismiss or give someone their notice. As this is not usually done immediately, we give somebody a month's notice, for example. If the worker decides to leave of his or her own accord (voluntarily), he'll / she'll resign or hand in his/her notice. Oh, of course, the Americans will say, "I quit!"
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