Canadian Fintech company Lightspeed Commerce is giving pinkslip to 10 employees across all division due to financial crunch and may undergo reorganization. Lightspeed Commerce laying off around 10% of their work force with various job titles across all department in Canada with business restructuring to get its business back on track.
Lightspeed Commerce found in 2005 has speciality in Point of Sale, Retail, Software, POS, iPad, eCommerce, Multi-Store, Multi-Store Pro, Cloud POS, Lightspeed Retail, Lightspeed Restaurant, Omnichannel, Loyalty, Delivery, Payments, ePOS, eCommerce, Restaurant software, and Retail software running by current CEO Dax Dasilva. Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. The cloud solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financing and connection to supplier networks.
There was no official communication to us from Lightspeed Commerce but you can always refer Lightspeed Commerce internal gossips and layoff news on our Lightspeed Commerce discussion board.
As per company spokeperson to media, it has undertaken several other cost reduction initiatives in facilities and operations. It expects that the majority of the restructuring charges will be incurred in the first quarter of its 2025 financial year, which ends on June 30..
Lightspeed Commerce Layoff Details in Brief
| Company | Lightspeed Commerce |
|---|---|
| Location | Canada |
| employee laid off | 280 |
| % Laid off | 10 |
| Division | Across all |
| Date | 03-April |
10 Lightspeed Commerce employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Lightspeed Commerce surely have a deep impact on the affected employees across all division. The main concerns about job security and employability, Lightspeed Commerce employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.
You can connect with Lightspeed Commerce Official website for more details about this layoff.
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