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UPWK 8-K: SEC filing

Upwork

Filed with the SEC on · accession 0001627475-26-000058

UPWK filed a 8-K (current report) with the SEC on Nov 12, 2026. Upwork announced an expansion of its restructuring plan, increasing total workforce reduction from approximately 24% to approximately 37%, with total pre-tax restructuring charges now estimated at $27-$37 million. The stock moved +3.2% by the first close after the filing.

Summary of the filing

Upwork announced an expansion of its restructuring plan, increasing total workforce reduction from approximately 24% to approximately 37%, with total pre-tax restructuring charges now estimated at $27-$37 million. The expanded plan is expected to be substantially complete in Q1 2027.

For details, click here →How to read a 8-K →

Key details

Total estimated pre-tax restructuring charges$37.0M
Lower bound of estimated pre-tax restructuring charges$27.0M
Restructuring charges recognized through September 30, 2026$18.1M
RegistrantUpwork Inc.
Chief financial officerErica Gessert

How UPWK stock reacted

Close before

$9.78

Nov 11, 2026

First close after

+3.17%

$10.09

5 trading days

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Since filing

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Frequently asked questions

What did UPWK file with the SEC on Nov 12, 2026?

UPWK filed a 8-K (SEC filing). Upwork announced an expansion of its restructuring plan, increasing total workforce reduction from approximately 24% to approximately 37%, with total pre-tax restructuring charges now estimated at $27-$37 million. The expanded plan is expected to be substantially complete in Q1 2027.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did UPWK stock react to this filing?

UPWK closed at $9.78 before the filing and $10.09 on Nov 12, 2026 (+3.17%).

Other UPWK SEC filings

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