Image via BetaKit (Canada)
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Lightspeed: Restructuring
Montreal-based payments firm Lightspeed sold US hospitality business Upserve at a significant discount (~$350M loss) as part of ongoing transformation plan
Source: BetaKit (Canada)
The leadership read
Restructuring typically reshapes consulting leadership bench strength toward transformation and turnaround capability.
“the AI company plans to hire a San Francisco office, scale the infrastructure, and pursue global go-to-market ambitions”
Market context: This lands while the Talent Market Index reads 105.8 (Hot) — down 2.4 versus the prior month — and Americas signal share is rising (+2.4pts).
Lightspeed: 0 signals in the last 90 days — below the Consulting median of 2 across 45 tracked companies.
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Restructuring · Americas
S&P Global →S&P Global completed spinoff of its Mobility business (now Mobility Global) on July 1, 2026, separating its automotive market intelligence and CarFax operations into an independent publicly traded company.
Product Launch · Americas
Genpact →Genpact launched Banking Analyst Suite, an agentic AI platform for regulated banking operations. The first module, Genpact Transaction Monitoring Analyst, is now generally available for AML alert investigations.
Geographic Expansion · Americas
Ripple →Ripple launched its UDAX accelerator program in Brazil to grow the XRP Ledger developer ecosystem through university partnerships, academic research grants, and developer support.
Leadership Change · Americas
Kyndryl →Kyndryl announced Ellen Johnson as incoming Chief Financial Officer and Andrew Bonzani as General Counsel and Secretary
Product Launch · Americas
HelloFresh →HelloFresh deployed Locus Origin robots at its Phoenix facility to increase chilled fulfillment capacity and expand SKU variety in meal kit offerings.
Layoffs · Americas
Sony Interactive Entertainment →Sony laid off hundreds of developers at Bungie, the studio behind Destiny 2 and Marathon, during the same week PlayStation CEO Hideaki Nishino recommitted to live service game efforts.
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