Upwork Expands Layoffs to Approximately 37% of Its Workforce

In a filing dated November 12, 2026, Upwork disclosed an expanded layoff plan across its workforce that results in an expected reduction of the total workforce by approximately 37%, inclusive of the approximately 24% previously disclosed. At Metaintro, we track layoffs, store closures and return-to-office mandates in our layoffs tracker.

How Much Is the Workforce Being Reduced?

The expanded plan now includes an additional reduction in force that, when aggregated with a separate, independent reduction in force initiated by a subsidiary of the Company, results in an expected reduction of the total workforce by approximately 37%, inclusive of the approximately 24% previously disclosed.

The approval preceded the filing: On November 10, 2026, the Board of Directors of the Company approved an expansion of the Restructuring Plan.

Why Is the Plan Being Expanded?

The stated reason for the expansion is that The Company has identified additional cost-saving opportunities.

The original restructuring was intended to build a more efficient operating model and position the Company for profitable growth as the nature of work evolves.

When Will the Plan Be Complete?

The revised schedule is that The Company now expects execution of the Restructuring Plan to be substantially complete in the first quarter of 2027.

For costs, the Company estimates that it will incur approximately $27 million to $37 million in total pre-tax restructuring charges, consisting primarily of severance and other one-time termination costs for the impacted workforces.

What Should Affected Workers Do Next?

• Request written confirmation of your employment status and termination terms.

• Review severance documents and benefit deadlines before signing.

• Save permitted copies of employment records and update your resume.

• Check unemployment eligibility and prepare a job-search budget.

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People Also Asked

Q: Does the Expanded Percentage Include the Earlier Reduction?

A: The expected workforce reduction is approximately 37%, inclusive of the approximately 24% previously disclosed.

Q: When Are the Remaining Charges Expected?

A: The Company expects most of the remaining charges to be cash expenditures and to be recognized over the next three quarters, with the majority of these charges being recognized in the fourth quarter of 2026.

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