---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-067173"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2022-03-07T23:59:59+00:00"
generated_at: "2026-06-27T01:11:00.251863+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upwork suspends Russia/Belarus operations, withdraws 2022 guidance due to Ukraine war impact

## Summary
- Suspends new business in Russia/Belarus; existing contracts end by May 1, 2022.
- Withdraws Q1 and full-year 2022 guidance citing uncertainties from the invasion.
- ~10% of 2021 revenue ($6% Ukraine, 4% Russia/Belarus) derived from region; activity already dropping.
- ~10% of team members in Ukraine, Russia, Belarus; ~1/3 of engineering team affected.
- Incurred/uncommitted millions in extra expenses, including $1M donation to Direct Relief.

## SEC filing metadata
- accession: 0001193125-22-067173
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2022-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000119312522067173/0001193125-22-067173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000119312522067173/d323878d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-067173
- JSON: https://secwatch.observer/filing/0001193125-22-067173.json
- Plain text: https://secwatch.observer/filing/0001193125-22-067173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.