Lightspeed Commerce plans to cut 200 jobs to focus on profitable growth, reinvesting savings into key areas.

Lightspeed Commerce, a payment technology firm, plans to cut around 200 jobs to focus on profitable growth, following a previous 280-job reduction in April. The company will reinvest the savings into strategic business areas, with restructuring charges expected mostly in the third quarter of 2025. Despite the cuts, Lightspeed has reaffirmed its recent financial outlook.

December 02, 2024
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