Also means
to say goodbye
Usage Note
Despedir has two key senses: to dismiss an employee (lo despidieron del trabajo) and to say farewell to someone. The reflexive despedirse de means 'to say goodbye to': me despedí de mis amigos. It follows the -ir stem-change pattern (e→i) in the present and preterite.
Examples
"La empresa decidió despedir a varios empleados."
Natural Translation
The company decided to fire several employees.

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