The war between Russia and Ukraine affects the different dimensions of the business and global economy. Recently, Upwork has announced the suspension of all its business operations in the nation of Belarus and Russia.
This is the criticism of the military actions of Russia against Ukraine. This step has been perceived as providing some relief to Ukraine. The company, Upwork, is extending support to the Ukrainian government with donations for providing relief to the masses affected by the war. The company has made a set of announcements contributing to the war of Russia and Ukraine without engagement in any war actions.
The present blog is investigating the company’s actions, Upwork, along with the announcements made by this company with suspending operations in Russia. Moreover, the impact of the suspension of business operation international students is also discussed in the blog.
How does the platform of Upwork work?
Upwork is a marketplace provided to freelancers in the different domains of web development, writing, and graphic designs. In addition, the company has been offering assistance to professionals in finding the different projects and facilitating communication with the clients for offering services. As a result, it has been standing as one of the biggest freelancing platforms around the globe.
A platform for freelancers:
The Upwork provides a platform for freelancers to connect with potential clients for their services.
Easy and Effective:
This company has been offering convenient opportunities to freelancers who can choose to work from Upwork in the different categories of IT and networking, writing, translation, web, admin support, sales and marketing, and so on.
Worth of Upwork:
It is a worthy place for freelancers seeking freedom while working around the globe. It allows the freelancers to get paid for their work and develop networking with new clients. In addition, freelancers can start working with a robust profile providing the resume for their respective employers.
Opportunity to connect with diverse clients:
This platform has provided the remote possibility of working without the restriction of geographical area. Therefore, the freelancers and the clients get an opportunity to connect to get the best services.
Why has Upwork suspended its operation in Russia?
The global finance platform of Upwork has taken the action of suspending all its business operations in Russia. This action is the response to the demand of public sentiments and lawmakers against the invasion of Russia in the regions of Ukraine.
Severe criticism of actions of Russia:
The chief executive of the company has pointed out that the unprovoked war of Russia against the masses of Ukraine is neither appreciable from an operation perspective nor the corporate value perspective.
Joining the world community:
Upwork has announced the suspension of the operations in Russia as an action to join the world community. Other companies have also been taking initiatives to directly support relief work in the nation Ukraine and protest against the aggressive steps of Russia.
Impact of pressure exerted by Ukraine:
The companies like Upwork are a direct response to the pressure exerted by the minister of digital transformation of Ukraine on the various tech companies.
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Loss of livelihood:
This type of action of the tech company affects the livelihoods of many of the freelancers of Russia who were relying completely on these companies for their survival. This is a strategy of hitting the government for its brutal actions against other nations. More than a figure of 10, 000 of the gig workers of Russia will be affected by this action.
Suspension in stages:
Suspension of the company’s operations has been proceeded in stages to ensure the avoidance of any disruption in the currently contracted work.
The full effect of suspension from May 1, 2022:
Upwork has provided the time to the freelancers and clients for issuing the final billing and closure of any currently existing contracts by the date of May 1, 2022. The suspension will have its full effect from this particular date.
Actions of Upwork for assisting Ukraine in the Russian-Ukraine war
The Upwork has been focusing on the suspension of its operations in Russia and is also working towards extending support to Ukraine. The company has made some of the major announcements in order to assist Ukraine and allow the nation to take a strong stand against Russia.
The company has announced a donation of $1 million to Direct Relief International for extending its support to the masses of Ukraine.
Enhancements of product:
Another announcement of Upwork is the product enhancement to ensure the freelancers preserve their careers. The company has been considering protecting the career of these freelancers who have worked progressively to establish themselves but are not able to work in the current situation.
Programs for clients:
Upwork has launched new programs to ensure the maintenance of the relationship of the existing clients with the Ukrainian freelancers.
Aiding humanitarian relief:
The company has also started $100,000 matching programs to ensure donations with the team members of Upwork. These donations will be utilized for assisting with the humanitarian relief work of Ukraine.
Impact of this suspension on international students
Many international students considered freelancing a rescue to their financial condition. The suspension of the business operation of Upwork in Russia will affect the international students once the colleges resume.
Restriction with student visas:
Many nations do not allow students to work as freelancers on a student visa. However, Russia has provided a special permit for international students to work legally in the nation.
Suspension of Upwork:
The halt on the operation of Upwork in Russia can affect many international students engaged in freelancing work with this platform. This action will put them in a financial crisis.
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Uncertainties around the return of business operation of Upwork:
There is no certainty concerning the return of the business operation of Upwork in Russia. This is not only affecting the population working as freelancers in Russia but also the international students.
Russia has been facing consistent criticism for its military actions in the regions of Ukraine. The criticism has been following up different strategies and actions by nations and companies to pressure Russia to stop the war. The different strategies include a ban on the Russian commodities import.
And suspension of the functioning of business operations is among the significant steps of the world community.
Another announcement of Upwork is the product enhancement to ensure the freelancers preserve their careers. The company has been considering protecting the career of these freelancers who have worked progressively to establish themselves
But are not able to work in the current situation.
These steps directly affect the national economy and have a significant impact on the overall global economy. The companies like Upwork are even working progressively to provide donations and relief to the population of Ukraine. A donation of $1 million to Direct Relief International has also been announced by Upwork recently.