Lightspeed Commerce Inc. announced a strategic reorganization aimed at optimizing its operations to execute on a focused profitable growth strategy. This initiative is designed to prioritize resources for strategic areas of the business.
The reorganization will impact approximately 200 individuals, with the resulting savings being redeployed across other areas of Lightspeed's business. The company intends to channel these resources into its core growth engines, particularly North American retail and EMEA hospitality.
Lightspeed reaffirmed its previously established financial outlook for fiscal 2025 revenue and Adjusted EBITDA. The majority of restructuring charges are expected to be incurred in the third quarter of fiscal 2025.
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