It is pertinent to mention here, the H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. Whereas, L-1A and L-1B visas are available for temporary intracompany transferees who work in managerial positions or have specialised knowledge. And when the top tech companies are on the firing spree finding a job within such a short span of time stands next to impossible. The laid-off H-1B holders need to find an H-1B sponsoring job in 60 days or leave within 10 days after becoming out of status.
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