-Employee Jee,

Always try to have as many safety options as possible. I was in the same situation. I immidiately applied for Canadian Permanent Residency. I continued exploring the companies to transfer my H1B. I found an Indian company who agreed to transfer my H1B without immidiate payroll because they did not have any ongoing project where they can throw me in.  I joined this Indian company and continued to search for projects. After few months I landed in a project and continued to be in payroll.

At the same time I was also in the process of obtaining Canadian Permanent Residency. After a year, I ended up getting Canadian PR. On the other hand, my H1B continued to be smooth till the date and decided NOT to move to Canada. Hence, Canadian PR is another option rather than being in disturbing situation and scaring of being out of status. You will be fine.