rift

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a rift in the lute

A small problem or flaw in something that jeopardizes the whole. I hope this bit of rust isn't a rift in the lute and doesn't end up damaging the whole paint job.
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riffed

slang Terminated from one's job due to a reduction in staff, often for budgetary requirements. Based on the acronym "RIF," which stands for "reduction in force." I can't believe I got riffed, after 30 years of loyal service! The unfortunate reality of this industry is that it's all too easy to get riffed every time the busy season winds down.
See also: riff
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

riffed

1. mod. alcohol or drug intoxicated. I can’t keep getting riffed every night like this.
2. and rift mod. fired; released from employment. (From rif, “reduction in force.” A dismissal not for cause, but simply to reduce the number of workers.) Most of the sales force was rift last week.
See also: riff

rift

verb
See riffed
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
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References in periodicals archive ?
1.88 Ga) magmatic-oceanic component related to rifting that seems to be concentrated along the continental margin of the Superior craton and may have been related to a plume impinging on the underside of the rifted Superior lithosphere.
In both the Appalachian and Grenville examples, the outer continents were subsequently rifted away.