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Wall Street banks have launched a hunt for technology professionals laid off during the crisis in the cryptocurrency market, the so-called crypto winter.

Against the backdrop of a long drawdown of the cryptocurrency market, there was a wave of mass layoffs of specialists. Many of the layoffs came from crypto exchanges, as well as financial services that provide services in the field of digital assets.

A number of crypto-currency companies have been forced to lay off most of their employees, however, the laid-off workers now seem to be in high demand with other organizations interested in hiring them.

For example, Wall Street banks are scrambling to hire previously laid-off tech company workers, including those who were among the 1,100 employees laid off by the United States' largest cryptocurrency exchange, Coinbase.

“Software engineers with the right experience and the right mindset that are suddenly available will always be in high demand.”

Wall Street - a street in the lower part of Manhattan, New York City, is considered the historical center of the financial district of the city, the main attraction of which is the New York Stock Exchange.

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