Chicago: CME Group cuts 3% of staff, with half coming from technology

(Bloomberg) -- CME Group Inc. eliminated about 3 percent of its employees, with about half the cuts coming from technology staff.

The world's largest futures exchange dismissed about 80 workers on Aug. 6, Laurie Bischel, a spokeswoman, said in an e- mailed response to questions. Brian McElligott, a managing director and global head of information products, is among those who have left the Chicago-based company, Bischel said.

“This was part of the restructuring announced last fall designed to eliminate bureaucracy and improve our ability to serve our global client base more efficiently,” Bischel said.