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Upwork Inc. (symbol: UPWK) is the world's largest online work marketplace that connects businesses with skilled independent professionals. Headquartered in the United States, Upwork offers a robust platform where over 30% of Fortune 100 companies and entrepreneurs of all sizes can collaborate with talent across diverse fields. With product offerings such as Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll, the platform provides scalable solutions tailored to the needs of various business segments.
In 2021, the Upwork talent community earned over $3.3 billion through the platform, demonstrating its significant economic impact. Upwork facilitates connections across more than 10,000 skills, including website and app development, creative and design, customer support, finance and accounting, consulting, and operations. Its comprehensive global reach spans the USA, India, the Philippines, and beyond, enhancing its value proposition for both talent and clients worldwide.
Recently, Upwork has strengthened its market position through strategic partnerships with top-tier providers of generative AI tools and learning resources, including Adobe, Amazon, ClickUp, and Miro. These collaborations aim to elevate productivity and skills among the freelancers on the platform, fitting AI seamlessly into their workflows. Furthermore, Upwork has introduced the Upwork Chat Pro, a generative AI application powered by GPT-4, to assist in streamlining tasks and providing efficient project management solutions.
Upwork's dedication to innovation is further evident with the launch of a new AI Services hub and AI Education Library, which are aimed at expanding freelancers' expertise in AI and improving project outcomes. This aligns with the findings from the Upwork Research Institute, revealing that a significant majority (76%) of freelancers express high confidence in mastering new AI tools.
Moreover, Upwork's third-quarter 2023 financial results underscore its robust economic health, reflecting profitable growth and strategic agility. The company continues to enhance its Enterprise Suite through partnerships with SAP Fieldglass and Flextrack, and integrations with HRIS, ATS, procurement, and recruitment platforms to provide a cohesive workforce management solution for large enterprises.
For the latest updates, innovations, and financial news about Upwork Inc., please visit upwork.com and follow their social media channels on LinkedIn, Facebook, Instagram, TikTok, and X (formerly Twitter).
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.
Upwork announces its "Freelance Forward: 2022" report, revealing that 60 million Americans engaged in freelance work, representing 39% of the U.S. workforce. Freelancers contributed
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