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This article is from the FAQ, by with numerous contributions by others.

169 Does this mean I have to leave the United States?

Yes! Since you lost your work permit and your visa, you are not allowed
to work in the United States any longer, unless you have another visa
like an H-1B. If you have a visitor visa (B-1, B-2), you can certainly
stay, but your are not allowed to work any longer.

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• prev: 168 What happens, if one of the subsidiaries (either in the United States or in the foreign country) goes out of business?
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• next: 170 In case I want to escape the trap with the involuntary termination, if my company goes out of business, can I switch to a different kind of visa (e.g., to an H-1B) at any time?