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Business trends

U.S. Big Tech layoffs help Fujitsu, others snap up top talent

Companies with less competitive pay see hiring opportunity

Meta's cuts of over 20,000 jobs since last year have helped create a talented pool of job seekers that companies outside Big Tech are now dipping into.   © Reuters

TOKYO -- Recent mass layoffs in the U.S. tech sector have created an opening for Japanese IT players with less competitive pay levels, making it easier for them to attract top talent from a growing pool of job seekers.

American tech giants, which had expanded hiring in recent years, have now slammed on the brakes to announce cuts over slowing growth and recession fears. Against this backdrop, companies such as Fujitsu and Toshiba Tec are seizing on the opportunity to bring in former Big Tech engineers.

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