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The Law Offices of Frank R. Cruz announces an investigation of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) on behalf of investors concerning the Company’s possible violations of federal securities laws.
What Is The Investigation About?
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.
If you suffered a loss on your Upwork Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.
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