The Law Offices of Frank R. Cruz is continuing an investigation into whether Upwork Inc. violated federal securities laws, on behalf of investors who lost money in the company’s stock. The inquiry follows Upwork’s May 7, 2026 release of first-quarter results, which showed gross service volume approximately flat year over year and a decline in active clients. Upwork also cut its full-year revenue guidance and said the pace of AI automation was faster than previously seen, while describing AI’s overall impact as marginally a net headwind. Upwork shares fell $1.79, or 16.9%, to close at $8.82 on May 8, 2026. The firm invited investors to contact it about potentially pursuing claims. An earlier topic record identified Glancy Prongay Wolke & Rotter LLP as conducting a separate investigation and included information about the SEC Whistleblower Program.