Lightspeed lays off staff, impacting 250 roles in reorganization

Lightspeed Commerce confirmed "organizational changes" affecting 250 roles, including vacant positions being closed. The Montréal-based company cut roughly 100 jobs earlier this year and will share more details on Nov. 5 with its fiscal Q2 earnings.

• Reorganization impacted 250 roles, including vacant positions
• About 100 jobs were cut earlier this year from a team of ~2,000
• Shares fell from a 2021 peak of $159 CAD to around $15 CAD
• More details expected Nov. 5 with fiscal Q2 earnings