Significant Big Tech job cuts are turning the US into a key hiring ground for Hitachi, with the Japanese company saying it is eyeing “a big opportunity” and also looking for acquisitions in Silicon Valley and beyond.

In a Financial Times interview, chief executive Keiji Kojima said the fierce cost-cutting campaigns at Amazon, Meta, Alphabet, Microsoft and other US tech groups over the past year would help the industrial conglomerate as it goes on a multibillion-dollar recruitment spree to expand its digital services.

“It’s a tailwind for us,” Kojima said. “We want to hire really good people among those who were let go. Of course, we need to be very selective since the salaries for the people hired by those companies are generally high,” he added, describing it as “a big opportunity”.