Layoff
Jul 2026Management disclosed a roughly 3% headcount reduction, approximately 100 jobs, including a 10% reduction in product and technology teams, while stating that hiring continued.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Lightspeed Commerce Inc. is a Montréal-founded public SaaS and fintech company providing a unified cloud commerce platform for retail, hospitality, and golf businesses in more than 100 countries. Its platform combines point of sale, payments, eCommerce, inventory, reporting, staff/supplier tools, financial services, and integrations.
Primary product
Lightspeed unified commerce platform, centered on Lightspeed Retail and Lightspeed Restaurant, with POS, payments, eCommerce, inventory, reporting, supplier network, and financial-services modules.
Founded
2005
Headquarters
700 Saint-Antoine Street East, Suite 300, Montréal, Québec, Canada H2Y 1A6
Team size
approximately 2,700–3,000+ worldwide
Work style
Flexible
Industry
Software development / SaaS
Sub-industry
Cloud point-of-sale, unified commerce, payments and fintech for SMB and multi-location retail and hospitality
Offices
Montréal, Canada (HQ)
Ottawa, Canada
Toronto, Canada
Olympia, United States
New York, United States
Geneva, Switzerland
Zurich, Switzerland
London, United Kingdom
Gent, Belgium
Paris/Neuilly-sur-Seine, France
Business model
Recurring SaaS subscriptions
Transaction-based payments revenue
Funding
Stage
Public company; IPO in 2019
Total raised
$1.2B
Latest round
Post-IPO equity · Aug 2021
Latest amount
$716.1M
Aug 2021
Apr 2019 · CIBC
People & investors
Leadership
Founder and Chief Executive Officer
Chief Financial Officer
Gabriel Benavides
Chief Revenue Officer
Leslie Martin
Chief Strategy and Transformation Officer
Daniel Micak
Chief Legal Officer
Shirvani Mudaly
Chief People Officer
Work & culture
The company emphasizes inclusive, community-oriented culture, diversity and belonging, continuous learning, employee ownership, and practical customer impact. Careers materials describe a flexible people-experience policy; individual roles may be fully remote, partially remote, or office-based.
Work style
Flexible
Compensation
Public job postings signal equity for employees, flexible work, benefits, and a $500 wellness allowance. Role-specific salary ranges and sponsorship terms were not consistently available in the reviewed public evidence.
Benefits
Flexible paid time off
Flexible/hybrid remote work options and work-abroad policy
Equity scheme/options
Health insurance
$500 annual health and wellness benefit
Pension/RRSP contributions
Paid parental leave and new-parent assistance
Mental-health platform, counseling and coaching
Volunteer day
Training and career-development opportunities
Computer purchase program
Employee-led networks and inclusion groups
Product & market
Pricing
Per-location SaaS subscriptions generally ranging from under $100 to over $1,000 per month, plus optional modules, payment/transaction fees, hardware and services.
Differentiators
- —Unified POS, payments and eCommerce platform
- —Verticalized Retail and Restaurant products
- —Integrated inventory, reporting, staff and supplier workflows
- —Global payments and embedded financial services
- —Omnichannel support across physical, online, mobile and social channels
- —Lightspeed Retail/NuORDER supplier-network integration
- —Focus on sophisticated SMBs and multi-location merchants
- —Broad international footprint and industry-specific capabilities
Scale & contact
Estimated revenue
Approximately US$1.0–1.3 billion annually; FY2025 revenue was US$1.0768 billion and management's FY2027 outlook referenced more than US$1.2 billion.
Signals & risks
Acquisition
May 2026Lightspeed sold its non-core Upserve U.S. hospitality product line to Skyview Equity for up to $81 million, including a $37 million earnout, as part of a narrower focus on North American retail and European hospitality.
SourceLatest news
PR Newswire / Yahoo Finance · Jul 2026
Revenue was US$322 million, up 6% year over year after the Upserve divestiture; growth-market revenue rose 20%, while the company disclosed headcount reductions and continued its AI product rollout.
BetaKit · Jul 2026
Reports the Q1 FY2027 earnings reaction, approximately 100 job cuts, product/technology reductions, AI integrations, and management's more-than-US$1.2 billion FY2027 revenue expectation.
The Globe and Mail · May 2026
CFO Asha Bakshani said Lightspeed remained open to small tuck-in acquisitions but not large deals; the company was concentrating on North American retail and European hospitality after selling Upserve.
Lightspeed Commerce / PR Newswire · May 2026
Open Positions
147 jobs at Lightspeed Commerce
Account Manager (Capital)
Remote
Sales
Sydney
Today
Remote
Full-time