Lightspeed Commerce cutting 280 jobs as it focuses on profitable growth [Financial Post (Toronto, Ontario, Canada)]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Company Research
Source: Financial Post
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. Article content In addition, Lightspeed says it has undertaken several other cost reduction initiatives in facilities and operations. 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. Article content Lightspeed founder and chief executive Dax Dasilva says after integrating the company's many acquisitions it is entering a new phase, focused on profitable growth. “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. “As we navigate through this transition, we acknowledge the invaluable efforts of every team member who has played a role in our journe
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LSPD
Sec Filings
- 4/11/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/11/24 - Form 144
- LSPD's page on the SEC website