Been told to find another job. How long do I have before I get fired? (Please help)

Had a poor annual review so I was told to find another job. Firm is nice enough to say that they will offer good references for my next job. The issue is, the job market has slowed down quite a bit. I have been looking for about 1 month but haven't got much traction for something that I truly like. 

How long does a PE firm typically let you stay afloat while looking for another job before they officially fire you? Firm is not shrinking so don't think they will be under a tight budget. 

Any data point is much appreciated!

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