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H1B Grace Time period once position eleminated.

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Hi ,

I am on H1B Visa. Yesterday Nov 10,2020, my position got eleminated due to reduction in Force. How much time I can stay in US without job? My company suggests me to hire a personal immigration attorney to maintain legal status. I read somewhere you can stay 60 days without job? Is it true? what other considerations are there  

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You have a grace period of 60 days from the day of layoff, or until the I-94 expires, whichever is shorter.

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