Cboe Global Markets cuts 20% of workforce and tightens office policy
Updated
Updated · The Wall Street Journal · May 1
Cboe Global Markets cuts 20% of workforce and tightens office policy
5 articles · Updated · The Wall Street Journal · May 1
About 334 of Cboe’s roughly 1,670 staff were notified on Friday, while hybrid workers must attend offices in cities including Chicago, New York and London four days a week from 6 July.
Chief executive Craig Donohue said the changes support a push into core businesses such as index options, futures, foreign exchange and US and European stocks, alongside hiring in prediction markets, tokenisation and clearing.
Cboe is also offering voluntary retirement to eligible US and Canadian staff, after moves since Donohue’s 2025 appointment to exit Japan equities and sell exchanges in Canada and Australia.
Will Cboe's aggressive pivot to derivatives and new markets pay off, or could it risk talent loss and operational resilience amid stricter office mandates?
How might Cboe’s push into prediction markets and tokenization reshape industry competition and regulatory oversight in the next few years?