This is the second round of layoffs in a year for the Montreal fintech as it seeks to revive its share price. A strategic review—which could include a sale—is ongoing, Lightspeed said in a release. (The Logic)

Talking point: Since his return to the top job in February, Lightspeed CEO Dax Dasilva has cut costs, delivered two quarters that beat estimates and raised its outlook for the 2025 fiscal year. Under his leadership over the past eight months, the company’s value has increased by about 25 per cent. Those efforts, however, have only served to get Lightspeed’s share price back to roughly where it was when it went public almost six years ago. In a note to investors, National Bank analyst Richard Tse predicted the company would reinvest savings from the job cuts into high-growth, low-cost business lines such as North American retail and European hospitality. Lightspeed’s stock closed down about eight per cent Monday.