STEM, INC. (STEM): restructuring charge — Stem cuts 27% of workforce; expects $6M-$6.5M severance costs, $30M annual savings

STEM, INC.

Reduction in force of ~27% of global full-time employees, announced April 9, 2025.
Estimated cash costs of $6.0M-$6.5M for severance and benefits, incurred mainly in Q2 2025.
Partial-year 2025 savings estimated at ~$24M; full-year 2026 savings ~$30M.
CEO cites large debt burden, limited operating cash, and lack of operational profitability.
Actions expected to be substantially complete by end of Q2 2025.

item 2.05 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

STEM, INC. announced a restructuring with charges of approximately $6.0 million to $6.5 million (approximately 27%).

Type: restructuring
Charge: approximately $6.0 million to $6.5 million
Headcount: approximately 27%

Exact text from the filing

On April 9, 2025, the Company announced a reduction in force plan (the “Plan”), as part of the Company’s broader efforts to prioritize investments in software, reduce operating costs, increase efficiency, drive profitable growth and increase stockholder value. The Plan will reduce the Company’s global full-time workforce by approximately 27%. The Company estimates the total cash expenditures associated with the Plan to be approximately $6.0 million to $6.5 million, primarily consisting of severance payments, notice period payments in applicable jurisdictions, employee benefits and related costs.

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20 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

STEM, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-079764

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