Navigating Labor Market Concerns and the Impact of AI on Human Capital

Upwork Inc., the world’s largest human and AI-powered work marketplace, has facilitated more than $25 billion in economic opportunity for talent around the world. The online recruitment company this week reported second-quarter results that beat expectations and also raised its full-year forecast.
Erica Gessert, Upwork's Chief Financial, breaks down the latest numbers and discusses the recent acquisition of Bubty, as well as its agreement to acquire Ascen through Upwork’s new wholly-owned Enterprise subsidiary. The company sees the deals enhancing its offerings of full-stack, digitally native, end-to-end contingent work solutions for large enterprises. Erica speaks with Carol Massar, Jess Menton and Nina Trentmann on Bloomberg Businessweek Daily.

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