Stem Will Cut About 27% of Global Full-Time Workforce

Stem Inc. plans to cut about 27% of its global full-time workforce to prioritize investments in software and reduce operating costs.

Total cash expenditures associated with job cuts will be approximately $6m to $6.5m
- Company expects to incur these expenses primarily in 2Q
Company estimates partial year 2025 savings to be about $24m
- 2026 savings estimated at about $30m

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Lin Cheng

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