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Lightspeed Commerce cut 250 roles via layoffs and unfilled vacancies, citing AI-driven reduced staffing needs
Oct 13, 2026Montreal-based Lightspeed Commerce announced the week of October 13, 2026 that it was cutting 250 roles through a combination of layoffs and leaving vacancies unfilled, without specifying the split. Employees posted layoff announcements affecting content and sales roles on LinkedIn. CEO Dax Dasilva had said on a July 2026 earnings call that AI had reduced staffing needs, particularly in product development. The cuts follow roughly 100 earlier 2026 job cuts from a workforce of about 2,000, part of a multi-year cost-cutting push amid a stock decline from a 2021 peak of CAD $159 to about CAD $15, and the company's April 2026 divestiture of its US hospitality business at a steep loss versus its 2020 purchase price.