Companies rarely cut jobs just for the sake of it. Sometimes, they are trying to protect margins as growth slows; other times, they are clearing out organizational clutter to make room for a new strategy. For Lightspeed Commerce (LSPD), the latest round of workforce reductions appears to be a mix of both, though the real picture should become clearer soon.
The Montreal-based company, which provides point-of-sale and commerce software to retailers and restaurants, says 250 roles will be affected through employee layoffs and unfilled vacancies. Management says the move is intended to simplify operations and free up resources for customer growth and product innovation. However, Lightspeed has made several staffing cuts over the past few years, particularly since founder Dax Dasilva returned as CEO. The company also completed a strategic review last year without pursuing a go-private deal, choosing instead to focus on North American retail and European hospitality while selling its Upserve restaurant-management business.
