Upwork now expects its restructuring to eliminate about 37% of its workforce, up from a previously announced 24%, and says the plan will not be substantially complete until the first quarter of 2027. The company cited additional cost-saving opportunities identified in recent months.
The expanded cuts would amount to more than 230 jobs, based on the roughly 630 employees Upwork reported as of December 2025 in its latest annual filing with the Securities and Exchange Commission. The earlier estimate was about 150 layoffs, and the company had expected the restructuring to be substantially complete by the end of the year.
Upwork has said the plan is intended to create a more efficient and profitable operating model as artificial intelligence improves and changes the “nature of work.”
The company now expects total pretax restructuring charges of $27 million to $37 million, including up to $23 million it had previously disclosed. Upwork had recognized $18.1 million in charges through Sept. 30 and expects most of the remaining costs to be recorded over the next three quarters, it said.
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