The whole reason the fed is hiking interest rates ( an inadvertently causing banks to be under capitalized) is because the economy is doing too well. There's not enough unemployment, companies are paying higher wages, people are finding it too easy to switch jobs. Ergo inflation which can truly suck is getting started. The fed is prescribing a medicine that tastes bitter but is good for calming an in sufficiently sucking economy.
Ironically big layoffs are what's needed. And getting laid off early in this when there's still companies higher and not cutting wages is lucky for those folks. It's the ones that get laid off as the economy cools that will be the losers in the musical chairs.
And your money is fine if it's in an insured account or a bank the feds are going to take over the assets of and keep liquid.
The thing to worry about are the crazy politicians and crazy news sources trying to make you think it's a bad economy and trying to jam the works by preventing the bank liquidity moves. Those don't cost the government anything and keep the system working. But those news sources and politicians don't care