Lightspeed Commerce has announced a reorganization impacting 200 employees as part of its strategy to prioritize resources for profitable growth. CEO Dax Dasilva emphasized the company’s focus on North American retail and EMEA hospitality, aiming to streamline operations and strengthen competitive positioning.
Cost savings from the layoffs will be reinvested in strategic areas, with restructuring charges expected in Q3 fiscal 2025. The move aligns with Lightspeed’s ongoing review of strategic alternatives, though no assurances have been given on the review’s outcome. Dasilva reaffirmed the company’s commitment to delivering value while reducing business complexity.
Want to know more? Check out the source code on Newswire.ca.