Can an employer sponser for a H1B if they performed layoffs?

debun

Registered Users (C)
I’m a Canadian working on a TN, and my current employer had layoffs in February. Are they still eligible to sponsor me for a H1B? Also there is a good potential that my company could go belly up by early next year. If they sponsor me for an H1B, how long will it be before I can switch jobs?
 
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