Lightspeed Commerce Cuts 200 Jobs

Posted on Dec. 10, 2024

Lightspeed Commerce Inc., a Montreal-based provider of point-of-sale software, has announced the layoff of approximately 200 employees, marking its second round of job cuts this year. This strategic reorganization aims to position the company for profitable growth and operational efficiency.

These layoffs reflect a broader trend in Canada's technology sector, which has experienced significant workforce reductions amid economic challenges. For instance, BCE Inc. announced 1,300 job cuts across its telecom and media operations in June 2023, citing industry changes and increasing losses in its news divisions.

Despite these challenges, the Canadian tech industry remains a vital component of the national economy, contributing significantly to GDP and employment. Companies are continually adapting to market conditions, focusing on strategic realignments to ensure long-term sustainability and growth.

Have you been laid off by Lightspeed or another software provider? Contact our employment lawyers today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.

Tara Deschamps’s original article, “Lightspeed Commerce cutting 200 jobs as it eyes profitable growth” was published in CTV News on December 2, 2024. Read the Full CTV News story.

Thank you for your submission

We will be in touch soon.

Sorry, there was an issue with your submission

Please try submitting the form again and/or contact us at [email protected].

Get in touch with us

Call us at 866-991-3429 or fill in this form and we will be in touch with you shortly

{{ contactform.firstName.$invalid && contactform.firstName.$touched ? 'Enter your First Name' : 'First Name' }}

{{ contactform.lastName.$invalid && contactform.lastName.$touched ? 'Enter your Last Name' : 'Last Name' }}

{{ contactform.fromEmail.$invalid && contactform.fromEmail.$touched ? 'Enter your Email' : 'Email' }}

{{ contactform['message[Phone]'].$invalid && contactform['message[Phone]'].$touched ? 'Enter a Phone Number' : 'Phone' }}

{{ contactform['message[Body]'].$invalid && contactform['message[Body]'].$touched ? 'Enter a message' : 'Message' }} I agree to receive news & email communications from Share Lawyers. I understand that I may withdraw my consent at any time. Check this box to proceed

Lightspeed Commerce Cuts 200 Jobs

Get in touch with us

We’re here to support you during this difficult time

As seen on...