The Schall Law Firm, a national shareholder rights litigation firm, is investigating Upwork Inc. for potential violations of federal securities laws. The investigation centers on whether Upwork issued false or misleading statements or failed to disclose material information to investors. This legal scrutiny arises after the company reported its financial results for Q1 2026 on May 7, 2026.

Upwork disclosed that its active clients have declined and service volume remained flat year-over-year. The company attributed the performance to "accelerated AI adoption," which it stated degraded the volume of client activity on the low end, specifically impacting contracts of $500 and below. Following this announcement, shares of Upwork fell by 16.9% on the next trading day.

The Schall Law Firm represents investors globally and specializes in securities class action lawsuits and shareholder rights litigation. Investors who suffered losses in Upwork are encouraged to contact the firm to discuss their rights. Brian Schall of the Schall Law Firm can be reached at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or by phone at 310-301-3335.

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