Dear Srikanth K,
It is unfortunate to note that you had to forego your job because of the closure of the company. However, the circumstances were beyond your control. We should not worry too much under such circumstances. Everyone goes through a bad phase of life and faces misfortunes, as you are now.
Impact of Joblessness on Candidacy
Presently, you are jobless. Your question is whether or not your joblessness reduces your value as a candidate. It should not be, but much depends on how the hiring manager perceives your candidacy.
Advantages of Immediate Availability
Many companies prefer candidates who can join as soon as possible. In such a case, you are the most suitable candidate because you can join immediately.
Criticality of the Requirement
The other factor that counts is how critical the requirement is to the company. If the requirement is critical, the hiring managers do not worry whether the candidate is unemployed. In contrast, if the hiring is for a future vacancy, they might question your unemployment.
Job Search and Preparation
By now, you might have started a vigorous job search. Continue with it. Supplement your job search with preparation for the recruitment tests or the interviews. Getting an interview call is not easy. But whenever you are called, make sure not to fritter away the chance!
Thanks,
Dinesh Divekar