Lightspeed Commerce cutting 280 jobs as it focuses on profitable growth

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MONTREAL — Lightspeed Commerce Inc. says it is cutting about 280 jobs. The Montreal-based technology company said Wednesday the move represents about 10 per cent of its head count-related operating expenditures.

The Montreal-based technology company said Wednesday the move represents about 10 per cent of its head count-related operating expenditures.

It says it expects that the majority of the restructuring charges will be incurred in the first quarter of its 2025 financial year which ends on June 30. "This means making some hard decisions, like reducing spending in specific areas such as head count, to allow for investments in others," Dasilva said in a statement.

Source: News Formal (newsformal.com)

 

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