--- title: "Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm" type: "News" locale: "en" url: "https://longbridge.com/en/news/287125734.md" description: "Glancy Prongay Wolke & Rotter LLP is investigating Upwork Inc. (UPWK) for potential violations of federal securities laws following disappointing Q1 2026 results, which showed flat gross service volume and a decline in active clients. The company also lowered its revenue guidance, attributing challenges to AI automation. As a result, UPWK's stock fell 16.9% to $8.82. Shareholders who lost money are encouraged to contact the law firm for potential claims." datetime: "2026-05-20T22:10:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287125734.md) - [en](https://longbridge.com/en/news/287125734.md) - [zh-HK](https://longbridge.com/zh-HK/news/287125734.md) --- # Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm **Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm** Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company’s possible violations of the federal securities laws. **IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK** **HERE** **TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.** **What Happened?** On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that “the pace of AI automation was faster than previously seen” and the “_**overall impact of AI is marginally a net headwind for Upwork today**_.” On this news, Upwork’s stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors. **Contact Us To Participate or Learn More:** If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us. Charles Linehan, Esq., Glancy Prongay Wolke & Rotter LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@glancylaw.com Telephone: 310-201-9150 (Toll-Free: 888-773-9224) Visit our website at www.glancylaw.com. Follow us for updates on LinkedIn, Twitter, or Facebook. **Whistleblower Notice** Persons with non-public information regarding Upwork should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. **About Glancy Prongay Wolke & Rotter LLP** GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as _The Wall Street Journal_, _The Financial Times_, _Bloomberg Businessweek_, _Reuters_, the _Associated Press_, _Barron’s_, _Investor’s Business Daily_, _Forbes_, and _Money_. Prior results do not guarantee a similar outcome. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Glancy Prongay Wolke & Rotter LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 **Charles Linehan** Email: shareholders@glancylaw.com Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit our website at: www.glancylaw.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520958258/en/ ### Related Stocks - [UPWK.US](https://longbridge.com/en/quote/UPWK.US.md) ## Related News & Research - [Assessing Upwork (UPWK) Valuation After Earnings Cut Guidance Layoffs And Rising Legal Scrutiny](https://longbridge.com/en/news/287096785.md) - [WeWork, Upwork CEOs Say AI Is Putting Major Pressure On Gen Z Hiring](https://longbridge.com/en/news/287042608.md) - [Getmany Introduces Advanced MCP Integration, Transforming Proposal and Lead Workflows for Upwork Teams](https://longbridge.com/en/news/287179618.md) - [Upwork cuts jobs, trims revenue outlook amid AI impact](https://longbridge.com/en/news/286278921.md) - [Securities Fraud Investigation Into Upwork Inc. (UPWK) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz](https://longbridge.com/en/news/286143044.md)