---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-22-000058"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:35:39.245470+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Upstart Holdings lays off approximately 140 hourly employees due to reduced loan volume and challenging economy

## Summary
- Laid off approx. 140 hourly employees who process loan applications, effective Nov 1, 2022.
- Cites challenging economy and reduction in loan volume on its platform as reasons.
- This workforce reduction reflects ongoing downturn in Upstart's lending business.

## SEC filing metadata
- accession: 0001647639-22-000058
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000058/0001647639-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000058/upst-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-22-000058
- JSON: https://secwatch.observer/filing/0001647639-22-000058.json
- Plain text: https://secwatch.observer/filing/0001647639-22-000058.txt

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