Lightspeed: Lightspeed announces reorganization, will impact 200 individuals

In This Article: https://www.tipranks.com/news/the-fly/lightspeed-announces-reorganization-will-impact-200-individuals Lightspeed ( LSPD ) Commerce 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. Don't Miss our Black Friday Offers: Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on LSPD: