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The H1-B visa is granted to a company, not the individual.

Employing someone via H1-B means the individual faces deportation in addition to losing their "great job."

In my not so humble opinion, the H1-B program is a way for the industry to suppress wages for all potential hires.

"... individual faces deportation ..."

Is there a "grace period" or is an immediate deportation? (Obviously, I have not personally dealt with these issues so any information is greatly appreciated.)

There is a grace period of (I think) 14 days if your visa expires. There is no legally defined grace period if you are fired before your visa expires.

Apparently, there is a process to qualify for a grace period (if the loss of employment can be anticipated in advance) but if a H1B worker is terminated, they face immediate deportation under the law.

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