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Stock impact report

Lightspeed Commerce Announces Strategic Reorganization, Continues to Optimize for Profitable Growth [Yahoo! Finance]

Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) 
Company Research Source: Yahoo! Finance
MONTREAL Dec. 2, 2024 /CNW/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (" Lightspeed " or the " Company "), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced a reorganization to further optimize its operations toward executing on the Company's focused profitable growth strategy. This initiative is designed to prioritize resources for strategic areas of the business, maximizing the Company's long-term growth opportunity, and redefining the organizational structure and operations of other areas of the business. The reorganization will impact approximately 200 individuals, with the resulting savings being redeployed across other areas of Lightspeed's business, in line with the Company's strategic objective of further driving profitable growth. Lightspeed expects that the majority of the restructuring charges will be incurred in the third quarter of fiscal 2025. "As we discussed on our Second Quarter Earnings Cal Show less Read more
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