IF one is on an H-1B visa, then one must leave the country as soon as the termination becomes effective as that event renders them out of status.
There is no applicable grace period, which can create issues.
If, however, a person is able to secure other employment, the H-1B can be transferred to the new employer. If there is a gap, that can create problems, but the officer does have the discretion to waive that. That typically occurs when the following situation arises: the gap between employment is short, there have been no other violations of status, 3) not excusing the gap would cause extreme hardship to the worker; and 4) the worker is not currently in removal proceedings.
Another option is to apply for a B1 Visa - please see here. This allows the person to remain for up to 6 months while looking for a job. If they find a job, then the employer must apply for a H-1B visa before the employer begins work.
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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.