Upwork Inc. Introduces Lifted, a Subsidiary Serving Enterprises with Full Suite of Contingent Workforce Solutions

Core Insights - Upwork Inc. has launched Lifted, a subsidiary designed to provide a comprehensive solution for enterprises to source, contract, manage, and pay global contingent talent in a compliant manner [1][2] - Lifted aims to eliminate the trade-offs traditionally faced by businesses between flexibility and compliance, speed and scale, or digital ease and enterprise rigor [2] - The platform is built to address the complexities of modern workforce models, offering a tech-enabled solution that integrates with existing systems and supports various contingent workforce models [2][3] Company Overview - Upwork Inc. connects companies with global, AI-enabled talent across all contingent work models through its marketplace and Lifted subsidiary [4] - The Upwork Marketplace has facilitated over $25 billion in economic opportunities for talent worldwide, showcasing its significant impact on the labor market [6] Lifted's Features - Lifted provides a contract- and country-agnostic platform that unifies the management of independent contractors, agents of record, employers of record, staff augmentation, and statement of work engagements [2][3] - The platform is supported by acquisitions of Bubty and Ascen, enhancing its capabilities in workforce management and compliance [3] - Lifted enables enterprises to access a talent pool of over 250,000 AI experts, allowing for efficient management of extended workforces [3][8] Market Position - More than 25,000 hiring managers currently utilize Lifted for their contingent workforce needs, with over 500 new projects initiated weekly [8] - Lifted supports a wide range of contract types and work engagements, making it suitable for enterprise-grade workflows [8]