Upwork said Q1 2026 demand shifted sharply late in the period as macroeconomic uncertainty and faster AI adoption hurt lower-value work. At the same time, larger customer initiatives and AI-related projects continued to grow, creating a mixed operating backdrop. The update points to softer near-term demand but some resilience in higher-value and AI-linked business.
Upwork said Q1 2026 demand shifted sharply late in the period as macroeconomic uncertainty and faster AI adoption hurt lower-value work. At the same time, larger customer initiatives and AI-related projects continued to grow, creating a mixed operating backdrop. The update points to softer near-term demand but some resilience in higher-value and AI-linked business.
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