Cboe Global Markets, led by CEO Craig Donohue, announced a 20% reduction in its global workforce as part of a strategic shift to concentrate on its core businesses. This decision follows a strong earnings report, where the company's shares rose to an all-time high of $327.17. The exchange operator's revenue from options trading surged 33% to $467.6 million, driven by increased market volatility. Cboe's strategic realignment includes divesting its Canadian and Australian businesses for $300 million, which was part of a broader divestment plan initiated in late 2025. The company aims to invest in emerging areas such as financial and economic event markets and tokenization initiatives, while also offering a voluntary retirement program for eligible U.S. and Canadian employees. Overall, Cboe's strong performance reflects a broader trend among U.S. exchange operators, who are adapting to changing trading patterns and intensifying competition.