The company said it had reached an agreement with its lenders to convert about $1.65 billion of its debt into equity. As of February, it had nearly $1.7 billion in debt.
The company will pay between $310 million and $500 million to fund the U.S.-focused settlement, which addresses class-action lawsuits over Apple secretly slowing down iPhones to mitigate errors from their aging batteries.
Freelancers will soon have to pay as much as $0.90 for each job they apply for on Upwork, which could impact users who are new to the platform or struggling to make ends meet.
