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About time. Offers being dished out for last 12-18 months were obscene.

60 days grace period available for H1B holders. “You can stay in the US for 60 days if you lose your H1-B job. USCIS allows a grace period of up to 60 days for non-immigrant workers in E-1, E-2, E-3, H1B, H1B1, L-1, O-1, and TN status.”

People need to re-learn the art of living within means. Yes, easier said than done.

Easy credit and dumb VCs result in abnormal salaries and employee count. Flipkart just announced massive loses. They’ve been operating for donkeys years burning cash with truck loads of high paid techies. No light at the end of tunnel.

Most won’t. They will hang in there using the grace period and worst case switching to visit visa. Buy time. Those on the GC queue are pissed.