Payments technology company axed 280 positions in April
Recommended Videos
The payment technology company says the savings from the cuts will be redeployed across its operations as it looks to prioritize resources on strategic areas of its business.
It expects that the majority of the restructuring charges will be incurred in the third quarter of its 2025 financial year.
The company says the cuts Monday come as it continues its review of strategic alternatives.
Lightspeed also reaffirmed its revenue and adjusted EBITDA financial outlook it released Nov. 7.