Money As layoffs and recession fears mount, will employers suspend their 401(k) match? November 15, 2022November 15, 2022 Elisabeth Buchwald, USA TODAY Comments Off on As layoffs and recession fears mount, will employers suspend their 401(k) match? 401(k) matches could end as more employers prepare for a recession. You can withdraw from your 401(k) without facing tax penalties if you're laid off.