'Permission to Stay' for 60 days
does that mean, I can work on that 60 days even though the
employer's licence has been revoked?

Thank you manci,

It was under suspension and it later got revoked during the first week of Feb.

Thank you!
While I'm searching for a new T2 job, can I continue working for the employer(whose licence is revoked) during the 60 day grace period?

I have a Tier 2 visa and my employer's sponsor licence was revoked on Feb 2013 by UKBA. I didn't get any mails from UKBA and I still works for the same employer. Is it legal to continue working with the same company under Tier2 until I get the message from UKBA?