San Francisco-based freelancer marketplace UpWork is pulling its operations out of Belarus and Russia as a counter measure to the involvement of both countries in the war in Ukraine.

The company put out the following statement:

“UpWork has begun suspending operations in Russia and Belarus and will take full effect by May 1, 2022. The first step will be shutting down UpWork’s support for new business generation in Russia and Belarus. Over the next few days, freelancers and clients in Russia and Belarus will no longer be able to sign up for new accounts, initiate new contracts, and be visible in search.”

The company is also rolling out the following measures to help out Ukraine freelancers and local communities:

  • A $1 million U.S. donation to Direct Relief International in support of the Ukrainian population.
  • Product enhancements to make it easier for Ukrainian freelancers to preserve the careers they have worked so hard to establish, whether or not they are currently able to work.
  • Programs to make it easier for clients to maintain their existing relationships with and provide financial assistance to talent in Ukraine.
  • A $100,000 matching program for donations from UpWork’s own team members to aid in humanitarian relief in Ukraine.

UpWork posted a 29% year-over-year increase in total revenue in Q4 2021, taking the total figure to $137 million. Marketplace revenue accounted for $125 million of the total, also up by 29% over the timeframe. Read more here.

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