Form 8-K STEM, INC. For: Apr 09

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Go back to Form 8-K STEM, INC. For: Apr 09

Stem, Inc. (STEM) to Cut 27% Staff

April 14, 2025 9:25 AM EDT

On April 9, 2025, Stem, Inc. (NYSE: STEM) announced a reduction in force plan (the Plan), as part of the Companys broader efforts to prioritize investments in software, reduce operating costs, increase efficiency, drive profitable growth and increase stockholder value.

The Plan will reduce the Companys global full-time workforce by approximately 27%. The Company estimates the total cash expenditures associated with the Plan to be... More