The Globe and Mail reports in its Tuesday, Dec. 3, edition that Lightspeed Commerce is eliminating about 200 jobs, its second round of layoffs this year. A Canadian Press dispatch to The Globe reports that Lightspeed is known for its point-of-sale software. Lightspeed chief executive officer Dax Dasilva, who returned to the company's top job in February, said: "Since I returned as CEO, Lightspeed has been working harder to deliver on our profitable growth strategy. Today's announcement reaffirms our commitment to building an organization that can fulfill its true potential." Savings from the job cuts will be diverted to other areas of Lightspeed's business, said spokesman Ryan Tessier in an e-mail to CP. Those areas will likely be the company's "higher capital efficient growth segments" such as North American retail and European hospitality, National Bank analyst Richard Tse hypothesized in a note to investors. Though the company cut staff, Mr. Tessier said, "Wherever possible, we have shifted roles and responsibilities to minimize disruption." In fact, Lightspeed is currently hiring in the product and technology area of its business and for "go-to-market" roles, which help the company expand its reach.