CME Group to lay off 3% of its workforce, reallocate positions

CME Group, the world’s largest derivatives exchange, eliminated about 100 positions, or 3 per cent of its workforce, this week while reallocating some positions, a spokesperson said on Friday.

“The company plans to reallocate the majority of those positions to new, cloud-focused technology roles,” the spokesperson said in an emailed statement, adding that the overall headcount will remain the same.

The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount.