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!Remark | !Remark | ||
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| | |Shortterm | ||
| | |Price Pressure for Freelancers price down GSV | ||
| | |7 | ||
| | |In it's Q1 2023 Earnings Call Upwork mentioned that they Plattform is ultimately demand constrained and they are seeing competition of freelancers which drives down prices and GSV. That has a positive effect on the attractiveness of the platform for costumers and increase demand but has a short term negative impact. | ||
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|Longterm | |Longterm | ||
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|8 | |8 | ||
|Credible long term treat. Upwork continues to claim they are seeing no impact though are reducing the amount of freelancers they employ themselves and see cost saving potentials e.g. in the area of costumer support. That's a mismatch of messaging. | |Credible long term treat. Upwork continues to claim they are seeing no impact though are reducing the amount of freelancers they employ themselves and see cost saving potentials e.g. in the area of costumer support. That's a mismatch of messaging. | ||
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