Will H1B transfer withdrawn by employerA affect H1B transfer initiated by EmployerB?

Question

I am working for employer-A and holding H1 B visa stamped last spring and is valid until 2015. If I transfer to Employer-B, is there a possibility that employer-A can cancel my existing visa? If that happens, do I still have time to process the H1B transfer?

Answer 1

There is every possibility that employer-A might widthdraw its H1B petition. If your employer-B will file premium processing, then employer-B might be able to transfer your H1B. However, USCIS will get your H1B transfer withdrawn petition from employer-A which is recorded in their files. This might slightly be tricky issue.
However, if the USCIS recieves the file after your petition is filed, then you will be on the safer side.