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I have been told I will be laid off this month end. I am on H1B and am completely freaking out because I have only 1 year experience and a student loan. To be honest, I kind of saw this coming a month ago and started applying. But, I have had no luck. I even submitted an ask HN yesterday to discuss and get ideas.

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The good thing is you already have the H1B, so it's easier than having to go through the lottery.

My advice would be to hope for the best but expect the worst. In other words, keep applying to jobs super aggressively, but at the same time, start packing to leave, if there aren't other options.

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