According to the latest report, layoffs announced by the US employers in February this year fell to the lowest since 2006 to over 42,000. This is 77 per cent lower than 1,86,350 job cuts announced in February 2009 and is the lowest monthly total since July 2006, when employers announced 37,178 job cuts. The job cut report by global outplacement consultancy Challenger, Gray & Christmasas says that companies have begun to shift focus from downsizing to hiring workers.