Upwork

$Upwork(UPWK.US) is DUMPING on a DOUBLE BEAT 🩸

Q2 Adj. EPS: $0.41 vs $0.34 est ✅

Q2 Sales: $191.660M vs $189.964M est ✅

🟥 -20.24%

Last week was a bit brutal on the job cuts.

$Coinbase(COIN.US) announced a 14% workforce reduction as part of an AI driven restructuring.

$Paypal(PYPL.US) followed with a 20% cut under its own AI transformation plan.

$Bill Holdings announced a 30% cut

$Upwk slashed 24%, and

$CloudFlare(NET.US) trimmed 20%.