A once great institution ruined - Director Cboe Employee Review

1.0
Apr 28, 2026
Recommend
CEO approval
Business Outlook

Pros

They have all been erased in the last year.

Cons

The new CEO and his Make Cboe CME Again agenda have completely ruined the company. All the good employees have left for much greener pastures and the good ones who have stayed are now being pushed out. Senior management is actively trying to take the company back to 2017 when the entire revenue of the company was based on SPX and VIX volumes. Paused promotions this year to entice employees to quit. Ended remote work this year to entice employees to quit. Forced employees back in the office this year to entice employees to quit. Every decision made by senior management in the past year has been to entice employees to quit. Resorted to layoffs when they didn't hit the quote for amount of people to quit.

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5.0
Jun 1, 2026
Recommend
CEO approval
Business Outlook

Pros

- Great Team - Good Culture - Nice Work-life balance

Cons

- High turnover at times but overall good experience

2.0
May 3, 2026
Recommend
CEO approval
Business Outlook

Pros

Cboe used to be one of the best places to work with an exceptional culture, largely due to the former COO and all-around amazing human being, Chris Isaacson, who unfortunately retired early. Maybe he knew the cuts were coming and didn't want to witness the destruction of one of his greatest accomplishments. We miss you, Chris. The work was fun and challenging, There are interesting technical problems to work on alongside really smart and devoted colleagues. Compensation was generous and above average.

Cons

I've never seen a company's culture fall so fast. In only a year, the new CEO Craig Donohue is turning a once great company into a toxic culture where morale is very low. The smart people will move on to better jobs, and the devoted people will stop caring. Craig has demonstrated again and again that he doesn't care about employees, he only cares about shareholders. The company is making record profits so it's not a case of "difficult decisions had to be made". It's a case of "we're okay with making employees miserable in order to increase our profit margins by 2%". Craig doesn't understand that it was the culture that made Cboe so successful. We worked so hard, we executed so flawlessly, because we believed in the company and the company believed in us. All of that has changed.

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