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Is UpWork losing money?

Last updated on September 24, 2022 @ 9:37 pm

UpWork is a global platform that connects businesses and professionals with one another. It offers a wide range of services, including job postings, project management, freelancing, and task management.

According to publicly available data, UpWork has been losing money for several years. In 2016, the company lost $21 million.

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In 2017, UpWork lost $44 million. And in 2018, the company lost another $22 million.

Despite these losses, UpWork remains one of the most popular platforms for finding work. It has more than 2 million active users and has been growing rapidly.

UpWork may be losing money, but it remains one of the most popular platforms for finding work. It has more than 2 million active users and is growing rapidly.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.