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Upwork CEO out

Community Guru
Tiffany S Member Since: Jan 15, 2016
31 of 38

Virginia F wrote:

Wendy C wrote:

Bravo, Bill.  Every point you made would elevate Upwork in the eyes & pocketbooks of buyers. 

 

The only thing I would add to your suggestions would be to permanently remove any FLer who lies / copies / plagiarizes any part of their profile and/or portfolio. If a FLer can't be honest in representing him/herself the odds of them doing a good job for a buyer are nil.


To add to that, take away the ability for suspended profiles to post in the forums. What's the point?


Probably the fact that they still need support, and it seems the vast majority of people looking for support are bounced here now.

Ace Contributor
Vinod M Member Since: Sep 27, 2017
32 of 38

My feelings now

😊 -----happy

🤞🤞 -----finger crossed

😟😟😟--- worried

😨😨😨😨

 

Not expecting to react like this in future

😱😱😱😱😱😱😱😱😱😱

 

Community Guru
John B Member Since: Aug 20, 2015
33 of 38

Leadership at Upwork out...   this is an interesting thread.  A cursory view of the information at hand indicates:

Earnings
The company reaffirmed its fourth quarter and full-year outlook. Analysts surveyed by FactSet expect a loss of 2 cents a share on revenue of $79.4 million for the fourth quarter, and a loss of a penny a share on revenue of $301.4 million for the year.

 

Replacement CEO

The Board has appointed Hayden Brown, current Chief Marketing & Product Officer, to succeed Kasriel as President & CEO, effective January 1, 2020.

 

----------

The Board promoted internally -- and from the business units that lead marketing and product offering.  Hence. The Board is happy with how Upwork is being marketed and happy with it as a SaaS services offering.

Here's why the CEO was replaced:  Earnings and share price.  The share price since IPO graph is provided.  CEOs cannot often sustain this trajectory of share price change.  Now, the question for them is: how to increase earnings, hence (most probably) increase share price.

That is the equation Mr. Brown was just hired to solve.  

- Perhaps a 25% / 15% contractor fee?  Or more cost for connects?  

- Increase the cost of a subscription to the premium contractor system. 

- Increase the amount paid by clients who want to have their listings highlighted? 

- Charge for a cup of coffee in the break room?  Less staff, lower IT costs?  

 

Shareholders are expecting results, Mr. Brown.  Good luck, sir.

 

Community Guru
Kim F Member Since: Aug 26, 2015
34 of 38

"Shareholders are expecting results, Mr. Brown.  Good luck, sir."

 

Why "Mr" and "sir"? Is that some sort of veiled insult?

Community Guru
Petra R Member Since: Aug 3, 2011
35 of 38

Kim F wrote:

"Shareholders are expecting results, Mr. Brown.  Good luck, sir."

 

Why "Mr" and "sir"? Is that some sort of veiled insult?


No, just good old utter ignorance. 

Community Guru
Kim F Member Since: Aug 26, 2015
36 of 38

You're very literal lately. 

"Tact: to lie about others as you would have them lie about you." 

Community Guru
Petra R Member Since: Aug 3, 2011
37 of 38

Kim F wrote:

You're very literal lately. 

"Tact: to lie about others as you would have them lie about you." 


More literal: "to tell the truth without beeing edited for community guidelines Smiley Wink "

Community Guru
Amanda L Member Since: Jan 23, 2018
38 of 38
Kim, I had not been privy to that definition before. I will have to save that for future use.
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