<p>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.</p>.<p>"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.</p>.<p><strong>Also Read:<a href="https://www.deccanherald.com/business/business-news/twitter-again-sued-over-severance-pay-bias-during-layoffs-1238479.html"> Twitter again sued over severance pay, bias during layoffs</a></strong></p>.<p>The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount.</p>.<p>The 125-year-old exchange and clearinghouse operator joins major Wall Street banks in cutting headcount after two regional US lenders collapsed in March, the industry's biggest crisis since 2008.</p>.<p>After positive quarterly results in April, Chief Executive Officer Terry Duffy cited "shifting perceptions about the Fed's near-term rate path as well as significant banking concerns in March."</p>.<p>Chicago-based CME operator is to announce second-quarter results on Wednesday.</p>
<p>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.</p>.<p>"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.</p>.<p><strong>Also Read:<a href="https://www.deccanherald.com/business/business-news/twitter-again-sued-over-severance-pay-bias-during-layoffs-1238479.html"> Twitter again sued over severance pay, bias during layoffs</a></strong></p>.<p>The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount.</p>.<p>The 125-year-old exchange and clearinghouse operator joins major Wall Street banks in cutting headcount after two regional US lenders collapsed in March, the industry's biggest crisis since 2008.</p>.<p>After positive quarterly results in April, Chief Executive Officer Terry Duffy cited "shifting perceptions about the Fed's near-term rate path as well as significant banking concerns in March."</p>.<p>Chicago-based CME operator is to announce second-quarter results on Wednesday.</p>