Montreal's Lightspeed Commerce cuts 280 jobs, plans share buyback amid cost-cutting strategy.
Montreal-based technology company Lightspeed Commerce is cutting 280 jobs (10% of staff) and planning a share buyback as part of a cost-cutting strategy. The move follows founder and CEO Dax Dasilva's return to the helm and aims to refocus the company on profitable growth after integrating multiple acquisitions. The majority of restructuring charges are expected in the first quarter of Lightspeed's 2025 financial year.
April 03, 2024
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