H1B validity if terminated in US


I am in US working on H1-B. I dont have a project right now and my company will terminate me if i dont get a project by mid april. I am looking for a job outside but in case i am not able to get a project(within my company) or a job outside by mid april and i get terminated, what will be the status of my H1B?

You H1b status is valid only until the last day you work for your current employer. After which you will be out of status and have grace period to leave USA. So, try to get your H1b transferred to a new employer bythen. Just getting a USCIS receipt notice for your H1 transfer petition is good enough to start your job at the new company and maintain your status.