Clear Street CEO Exits, Firm Cuts Jobs After Scrapped IPO (1)

Clear Street is cutting more than 50 jobs and replacing its chief executive officer, as the Wall Street brokerage firm pivots after abandoning a plan to go public earlier this year.

Executives who have left the company include John Levene, Clear Street’s chief experience officer who was among the company’s highest-earning executives in 2025, according to people familiar with the matter who asked not to be identified citing private information.

Clear Street’s Edward Tilly is also stepping down as CEO starting June 1, and will remain on the company’s board, the firm announced Monday. Tilly, who previously ran Cboe ...