If you’ve been laid off recently, you likely have many financial tasks to tackle as you navigate that life-changing event. Just don’t forget to tend to your 401(k).
Amazon, Target and United Parcel Service are among the corporations that have recently announced job cuts. While the Bureau of Labor Statistics has not released an official monthly jobs report since before the federal government shutdown started Oct. 1, economists have expressed concerns about a softening labor market amid the flurry of layoffs.
One report, from outplacement firm Challenger, Gray & Christmas, shows job cuts in October of 153,074, which is a 183% jump from September and 175% higher than October 2024.
Here’s a look at other stories affecting the financial advisor business.
For workers who suddenly find themselves without a paycheck, tackling to-dos related to a 401(k) left behind may not be top of mind.
