Lightspeed Commerce Inc. (LPSD,LSPD.TO) announced a reorganization and cost reduction initiatives. The reorganization impacts approximately 280 roles representing about 10% of headcount-related operating expenditures. Lightspeed expects that the majority of the restructuring charges will be incurred in the first quarter of fiscal 2025. The company reaffirmed its previously-established revenue and adjusted EBITDA outlooks.
Lightspeed has authorized, and the TSX has approved, a normal course issuer bid to purchase for cancellation up to 9,722,677 subordinate voting shares of Lightspeed over the twelve-month period commencing on April 5, 2024 and ending no later than April 4, 2025, representing approximately 10% of the public float of the subordinate voting shares issued and outstanding as at March 22, 2024.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.