I was informed by my management that my position will be terminated from Sept 19. After reading through the FAQ's and talking to friends and family I got a rough idea as to what my next steps should be. I am listing out my questions as well as what my thoughts are on the same. It would be great if other users can add to it or rectify my understanding of the matter.
1) Am I out of status from Sept 19?
F12H1 - Yes, but typically I still have about 30 days to look for a job and transfer my H1-B. This 30 day period is not official nor is approved by USCIS.
2) What are my next options?
F12H1 - Find another job and transfer the H1-B.
Transfer to a student visa. (F1) (Q - Can I move to a student visa mid-semester, what would be the cost involved and how many days does it take to approve the visa?)
Transfer to a visitor visa (B2) (Q- How many days does it take to approve the visa and what is the cost involved?)
3) If I transfer to either the visitor, what happens to my H1-B? Does it goes in a dormant state and if I get a new job it will be active again?
Any and all feedback appreciated.