I have an approved I-140 with my previous employer with priority date in 2014 and i am well past my 6 year term on H1B. I transfered my H1B to my current employer around 2 years ago. My current petition and I-94 is valid till Sep 2020. I am affected by layoffs in my current employment, i have around 30 days notice period before separation. And i suspect that they may file to revoke my petition after 30 days.
My first question is if i couldn’t find another job before its sent for revoking, how long (30 or 60 days) do i have before it becomes out of status for me?
My second question is If i convert to H4 (to my spouse’s H1B) to stay in status and continue my job search, will i be able to apply for new H1B with my original I-140 approval one i find a job?
Thanks in advance for your response!