With more and more people being hit by the hard-hitting credit crunch, axed employees have found a new way to get back on track - "pink slip parties".
According to CBS News, job hunters, career coaches and recruiters gather at such occasions to mingle.
Laid-off workers not only get together for career advice, network, and sympathies, but also leave with new contacts and tips.
Some parties even see the crowd divided into colours depicting their professional status.
While job seekers put on pink bracelets, career coaches and recruiters wrapped their wrists in green.