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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSPD:
- Lightspeed price target raised to $17 from $15 at Piper Sandler
- BofA moves to No Rating on Lightspeed after Capital Markets Day canceled
- Lightspeed Commerce Reports Strong Q2 Financial Growth
- Lightspeed raises FY25 adjusted EBITDA view to minimum of $50M
- Lightspeed reports Q2 adjusted EPS 13c, consensus 11c