Upwork Lays Off 21% of Employees

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mass layoffs

SFGATE

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Bay Area tech company announces $28M profit, slashes staff by 21%

Summary

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79% Informative

Bay Area tech company that helps freelancers find and be paid for jobs is laying off a whopping 21% of its own workers.

The company, worth about $1.7 billion , announced the cuts Wednesday in a news release and a SEC filing.

The exact scope of the layoff is unclear, but based on Upwork’s reported 800 employees at the end of 2023 , the 21% cut will likely hit at least 160 workers.

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semi-formal

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English

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not offensive

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not hateful