On OPT, Filed H1b for FY2013 and got layoff


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I graduated in December 2011 and started working full time on OPT.

My employer ( small company with 30-40 employees) filed H1b under Master's quota in regular processing at NSC and yesterday I got layoff due to cost cutting.

My h1b status still stays in process. Company filed for h1b on 4th May, 2012

My questions are

does my h1b peition get revoked as soon as my employment is terminated?

if employer does not cancel H1b petition can I transfer my h1b to a new employer ( if i am able to find a job ) who is willing to sponser my h1b.

or do i have to apply again in next april 2013 when next quota begins.?


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