---
title: "Upwork cuts jobs, trims revenue outlook amid AI impact"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286278921.md"
description: "Upwork has cut its full-year revenue forecast to $775 million due to AI-driven changes in client behavior and macroeconomic challenges. The company plans to reduce its workforce by nearly 25%, targeting $70 million in savings and aiming for a 35% adjusted EBITDA margin. Additionally, Upwork is introducing new AI-powered tools to attract higher-value work as demand for low-end contracts declines."
datetime: "2026-05-13T14:27:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286278921.md)
  - [en](https://longbridge.com/en/news/286278921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286278921.md)
---

# Upwork cuts jobs, trims revenue outlook amid AI impact

Revenue guidance cut: Upwork lowered its full-year revenue forecast to $775 million at the midpoint, citing AI-driven changes in client behavior and macroeconomic headwinds. Major cost reductions: The company will cut nearly a quarter of its workforce, aiming for $70 million in savings and a faster path to a 35% adjusted EBITDA margin. AI pivots strategy: New AI-powered tools, including human-supervised agents, are designed to attract higher-value work as low-end contract demand falls.

### Related Stocks

- [UPWK.US](https://longbridge.com/en/quote/UPWK.US.md)

## Related News & Research

- [WeWork, Upwork CEOs Say AI Is Putting Major Pressure On Gen Z Hiring](https://longbridge.com/en/news/287042608.md)
- [Assessing Upwork (UPWK) Valuation After Earnings Cut Guidance Layoffs And Rising Legal Scrutiny](https://longbridge.com/en/news/287096785.md)
- [Google's latest AI flex came with Silicon Valley's new favorite word](https://longbridge.com/en/news/286951990.md)
- [Getmany Introduces Advanced MCP Integration, Transforming Proposal and Lead Workflows for Upwork Teams](https://longbridge.com/en/news/287179618.md)
- [Is AI a bubble? It’s starting to get soapy](https://longbridge.com/en/news/286937439.md)