Layoffs are hitting hard, with thousands of workers losing their jobs, from major companies like Amazon to positions in the federal government.

Employers have announced nearly 1.1 million job cuts this year. Nationwide, layoffs soared last month to more than 153,000, marking the worst October for job reductions in 22 years, according to outplacement firm Challenger, Gray & Christmas .

As more businesses are expected to cut costs and some lean into artificial intelligence , many employees are wondering if their jobs could be next. Financial experts say there are practical steps you can take to protect your money in an uncertain job market.

Getting a handle on your spending today can prepare you for cuts tomorrow if you're forced to make them. MoneyFit says know your minimum

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