Business · Companies · 1 hr ago
Lightspeed says 250 roles affected by organizational changes
Lightspeed Commerce says 250 roles were affected by organizational changes at the company.
The Montréal-based firm sells software and hardware to retailers, restaurants and hospitality businesses.
The total includes jobs cut and vacant roles being closed, but Lightspeed has not said how many fall into each group.
The company says the changes are intended to improve efficiency and support investment in its business, products and customers.
Lightspeed has been pursuing a plan to focus on North American retail and European hospitality while seeking profitable growth.
It made about 100 job cuts earlier this year and sold a US hospitality business unit in March.
Lightspeed plans to provide more details on Nov.
5, when it reports its fiscal second-quarter earnings.
Lightspeed Commerce says organizational changes affected 250 roles across the company.
The total includes vacant roles that are being closed, but the company did not say how many were occupied jobs.
Lightspeed said the changes are intended to improve operational efficiency and support reinvestment in its business, products and customers.
Former employees in content and sales roles announced layoffs on LinkedIn last week.
The company said it would share more details on Nov. 5, when it reports its fiscal second-quarter earnings.
- Who
- Lightspeed Commerce, a Montréal-based e-commerce and point-of-sale company.
- What
- Organizational changes affected 250 roles, including vacant roles being closed.
- When
- The company confirmed the changes after former employees announced layoffs last week. It plans to share more details on Nov. 5.
- Where
- Across the company; Lightspeed is based in Montréal.
- Why
- The company said the changes support operational efficiency and its long-term aim to grow responsibly and profitably.
This story does not have two clearly opposing sides.
Former Lightspeed employees in content and sales roles announced on LinkedIn that they had been laid off.
Lightspeed confirmed that organizational changes had affected 250 roles.
Lightspeed said it would provide more details when it reports its fiscal second-quarter earnings.
- Roles affected
- 250, including vacant roles being closed
- Headquarters
- Montréal
- Earlier job cuts
- Roughly 100 earlier this year
- Transformation plan
- Focuses on North American retail and European hospitality
- Next update
- Nov. 5, with fiscal second-quarter earnings
What people are saying
These decisions support Lightspeed’s long-term objective of growing responsibly and profitably so we can continue to invest in our business, our products, and the customers we serve,
Sources
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