This is the 4893rd most frequent Spanish word.
despido
Dismissal or termination (from a job).
Here, 'despido' refers to the action of terminating employment, used as a noun indicating the event of dismissal.
El despido de los empleados fue anunciado ayer.
The dismissal of the employees was announced yesterday.
In this sentence, 'despido' is used as a noun to denote the consequence of being let go from a job due to performance or behavior issues.
Si no mejoras tus hábitos laborales, podrías enfrentar un despido.
If you do not improve your work habits, you might face termination.
Here, 'despida' is a conjugated verb form of 'despedir', meaning 'to fire' or 'to terminate employment.' The subject involves the action performed by the boss.