Layoff before h1b kickoff, currently in stem opt
I am in F1 Stem OPT which will expire on July, 2020.
My H1b was applied in this year in change of status (COS) and it picked up in lottery.
My company A is laying me off at end of June, 2019 who applied my H1b. I am interviewing other companies.
As I have to leave company A and H1b cannot be transferred if I am not in H1b, will there be any value of this H1b picked up? As I need to be in company A at least till October 1, 2019 before transferring this to another company. If there is no value of this H1b, then should not I tell company A to cancel my H1b petition?
If I join company B with stem opt ead and H1b was not cancelled, what happens in October 1? Will I still continue with Stem opt or my H1b will automatically be started on October 1 with company B? (H1b was applied in CoS).