The e-commerce company says the move represents about 10 per cent of its head count-related operating expenditures, with half of the cost reduction coming from management.
Lightspeed says the reorganization is part of its strategy to unify all of its acquired companies and products. It estimates the cuts will result in a restructuring cash charge of US$12 million to US$14 million, primarily consisting of severance payments, employee benefits and related costs, primarily in its fourth quarter.It says it expects its third-quarter revenue will be within its guidance range, while its adjusted earnings before interest, taxes, depreciation and amortization are expected to come in ahead of its outlook.
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Dragon's Den star Michele Romanow steps down as CEO of e-commerce business Clearco | CBC NewsMichele Romanow is stepping down from her chief executive role at Clearco as the e-commerce investing business she co-founded lays off staff. And I’m sure those staff had mortgages to pay It's not going to work.. Myself Shanta Nusrat from the company SEO Expate Bangladesh Ltd. We are basically a Web Design & Web Development providing company based in Bangladesh. Your preferable keywords packages including the below outlined monthly services. Please contact us: infoseoexpartebd.com
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Michele Romanow steps down as Clearco CEO as company lays off staff againMichele Romanow is stepping down from her chief executive role at Clearco as the e-commerce investing business she co-founded lays off staff. Isn’t she a sports anchor on Sportsnet/TSN? Nothing like watching sports news from women that don’t know anything 😤 Laid off from her own company!
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