Welcome to our dedicated page for Upwork news (Ticker: UPWK), a resource for investors and traders seeking the latest updates and insights on Upwork stock.
Upwork Inc. reports developments for a human and AI-powered work marketplace that connects businesses with global independent talent across freelance, agency, fractional and payrolled work. Recurring company updates cover the Upwork Marketplace, Lifted enterprise contingent-work management, Uma™ AI work agent features, SMB offerings such as Business Plus, and integrations that move customers from project scoping to hiring and contracting.
Upwork news also covers financial results, gross services volume, active-client trends, adjusted EBITDA outlook, enterprise pipeline activity, platform trust and integrity partnerships, and capital actions such as common-stock repurchase authorizations.
Upwork (NASDAQ: UPWK) has released its 2022 Impact Report, outlining a year dedicated to enhancing economic opportunities and addressing community needs. The report highlights initiatives aimed at supporting marginalized groups, particularly professionals impacted by the war in Ukraine, where Upwork has facilitated over $200 million in earnings for nearly 80,000 Ukrainian freelancers since February 2022. Upwork launched several features to foster talent engagement, including the Contract Workroom and contract-to-hire capability. Additionally, the company supported various nonprofits through The Upwork Foundation with nearly $1.7 million in grants. With a focus on environmental sustainability, Upwork achieved nearly zero carbon emissions from operations.
Upwork Inc. (Nasdaq: UPWK) announced on April 6, 2023, the appointment of Sunita Solao as the new chief people officer, effective May 1, 2023. Solao brings over 20 years of experience in human resources, having held significant roles at companies like Convoy, Airbnb, and eBay. Upwork's CEO, Hayden Brown, expressed enthusiasm about Solao’s leadership skills, emphasizing the importance of her role in shaping a diverse global workforce and driving innovative workforce solutions.
Solao's previous position was vice president of people at Convoy, where she reported directly to the CEO. She also held various HR leadership roles at eBay and Airbnb, including leading the Homes Business division. Upwork facilitates connections between businesses and freelance talent, facilitating over $3.8 billion earned by its talent community in 2022 across diverse skills.
Upwork Inc. (Nasdaq: UPWK), the leading global work marketplace, will report its financial results for Q1 2023 on May 3, 2023, after market close. This announcement will be followed by a Q&A conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access a live webcast on the Upwork Investor Relations website. In 2022, Upwork's talent community earned over $3.8 billion across various skills, highlighting the platform's significant market presence. The company connects businesses with independent talent worldwide, facilitating diverse projects from startups to Fortune 100 enterprises.
Upwork Inc. (NASDAQ: UPWK) announced the appointment of Erica Gessert as Chief Financial Officer (CFO), effective April 25, 2023. Gessert, previously at PayPal (NASDAQ: PYPL) where she held senior roles including Chief Transformation Officer, will focus on enhancing Upwork's financial strategy and growth. CEO Hayden Brown expressed optimism about Gessert’s extensive experience, stating she will contribute to cost discipline and long-term growth. With a background at Sprint Corporation and Virgin Mobile USA, Gessert aims to extend Upwork's market leadership and innovation.
On February 23, 2023, Upwork (Nasdaq: UPWK), the largest work marketplace, announced that key executives will participate in upcoming investor conferences. President and CEO Hayden Brown, CMO Melissa Waters, and VP of Investor Relations Evan Barbosa will be featured in events like the JMP Securities Technology Conference on March 7, 2023, and the 35th Annual Roth Conference on March 13, 2023. The fireside chat will be available via a live webcast on Upwork’s Investor Relations site. This platform enables businesses and independent talent to collaborate effectively, with a significant $3.8 billion earned by its talent community in 2022 across various categories.
Upwork Inc. (Nasdaq: UPWK), the leading work marketplace, reported its financial results for Q4 and full year 2022 on February 15, 2023. The company achieved a gross services volume (GSV) surpassing $3.8 billion, reflecting robust engagement across various skills, including app development and customer support. The detailed financial performance, including revenue growth and earnings per share (EPS), will be discussed in a conference call today. Investors can access further information on their investor relations site. Upwork continues to connect businesses with freelancers, driving significant earnings through its platform.
Upwork has launched a new end-to-end hiring solution, enabling businesses to find, vet, hire, onboard, and pay global talent for full-time work, addressing complexities and risks associated with hiring.
For the first time, Upwork opens full-time hiring to all customers, leveraging its extensive experience with over 2 million professionals across 180 countries. Clients have posted over 40,000 contract-to-hire jobs in 2023, indicating robust interest. Enhanced payroll, compliance, and contract management tools will now be available to small and mid-sized businesses, alongside tailored solutions for large enterprises.
Upwork (Nasdaq: UPWK) has released a report highlighting the most sought-after skills for freelancers in 2023 amidst ongoing talent shortages and economic uncertainties. Key skills are in technology, marketing, customer service, accounting, and design categories. The report reveals that 60 million Americans, or 39% of the U.S. workforce, engaged in freelance work over the past year. Skills with the highest demand growth include sales & business development (54%), data entry (47%), and accounting (45%). The findings emphasize the shift towards independent work as businesses increasingly rely on skilled freelancers to fill gaps.
Upwork Inc. (Nasdaq: UPWK) announced it will report its financial results for Q4 and the full year of 2022 on February 15, 2023, after market close. A Q&A conference call will be held at 2:00 PM PT (5:00 PM ET) the same day to discuss the results. Investors can access a live webcast on the Upwork Investor Relations website. The company claims to be the world's largest work marketplace, with a gross services volume surpassing $3.3 billion in 2021. Upwork connects businesses with independent talent across multiple categories, including development, design, support, and consulting.
Upwork Inc. (Nasdaq: UPWK) will have its VP of Investor Relations, Evan Barbosa, present at the 25th Annual Needham Growth Conference on January 11, 2023, at the Lotte New York Palace Hotel. As the world's largest work marketplace, Upwork connects businesses with independent talent, showcasing a gross services volume (GSV) that is unmatched. The company served over 30% of the Fortune 100 in 2021, with its talent community earning over $3.3 billion across more than 10,000 skill categories, including development, creative design, and customer support.