When talking about firing staff members, Adam says "We need to Donald Trump these fools," in reference to Donald Trump's time as the host of the Apprentice. However, he says, "You're terminated," a quote synonymous with the Terminator. Funny enough, when Donald Trump was campaigning for President, he quit the Apprentice, and Arnold Schwarzenegger, the Terminator, become the new host of the show.
The title of this episode is a reference to Stop, Hammer Time!
Anders lays down his onsie on Alice Murphy's desk, threatening to quit if Jillian is fired. Adam, Blake and other employees follow suit. This is a reference to the 1993 movie Rudy when his Notre Dame football teamates placed their jersey's on their coaches desk threatening to not take the field if Rudy didn't get a chance to suit up.
When Adam yells from the top of the building, "Take it sleazy," it is a reference to the great American 1975 song. "Slow Ride," by Foghat, from their "Fool For The City" record.