Weaknesses at work

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Despite its strengths, Upwork is not without its weaknesses. Here are a few:

Financial loss: While they generate a lot of revenue, they also record losses. Upwork has recorded many cash flow issues that resulted from spending more money on marketing than it generates from transactions;
Inefficient recruitment and evaluation methods : Hiring freelancers can be a laborious task at times. Moreover, the evaluation process to detect fraud is not efficient enough
Low R&D: Research and development is low compared to competitors. Resources and space for research and physician data product development are available but not utilized;
Less diversity : The focus is mainly on technology-based freelancers, which limits Upwork's diversity compared to its competitors;
Low turnover rate : Research shows that employee turnover is low, which has reduced the company's output to its customers.