After years of fighting to attract computer engineers who would rather work for big tech groups or crypto start-ups, Wall Street firms say they are recovering lost ground in the talent war as lay-offs and hiring freezes spread through Silicon Valley.
With exchanges, banks and market makers continuing to expand through the recent market downturn, executives say their relative stability has made them more appealing destinations.
“We definitely have seen an influx in candidates coming from big tech, crypto, and top-tier start-ups,” said Josh Woods, head of systematic trading technology at Citadel Securities, where applications for tech roles have jumped more than 50 per cent quarter on quarter.
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