Worried about being laid off from your job? Expert reveals what you should do to prepare!

Some of Washington state's biggest employers have cut thousands of Puget Sound-area jobs since the start of the year, including Seattle-based Amazon, Factoria-based T-Mobile, and Seattle-based Starbucks. Starbucks just announced the elimination of 61 jobs at its corporate headquarters in Seattle's SODO neighborhood this week, according to statistics published by the Washington State Employment Security Department. So, what should we all be doing to prepare for that heartbreaking reality that's facing so many workers right now? Adam Powell, a financial advisor with the Private Security Group, joined ARC Seattle co-anchors Steve McCarron and Tyrah Majors to chat about how we can protect ourselves financially during these uncertain times, the first financial move someone should make if they get laid off from their job, and where you should keep your emergency fund right now. -------------------------------------------------- For more on the story: https://komonews.com/news/arc-seattle/laid-off-from-your-job-expert-reveals-the-first-financial-move-you-should-make _______________ Stay up to date with our social media: https://www.facebook.com/KOMONews/ https://twitter.com/komonews http://instagram.com/komo4 https://www.tiktok.com/@komo4seattle Download our iOS App: https://itunes.apple.com/us/app/komo-news-mobile/id433508161?mt=8 Download our Android App: https://play.google.com/store/apps/details?id=com.newssynergy.komo&hl=en Have a news tip? Send it directly to us: Email us: [email protected] Call the Newsroom: 206.404.4000 KOMO News (ABC 4) provides the latest breaking news, sports, weather, traffic, and local event coverage in the Seattle and Western Washington/Puget Sound area, including Bellevue, Redmond, Renton, Kent, Tacoma, Bellingham, Yakima, and surrounding communities. #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews This video and all Sinclair Broadcast Group content archives of local news and sports coverage are available for your use. For more information, contact us at [email protected]