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This has been a hot topic lately, because they’re getting so much blow back.
On a personal level, I don’t mind it. I like how in theory there will be less competition, but to be honest, most of my gigs are through invite anyway.
I never really used my connects, unless it was a slow month, or I just wanted to apply more so upwork knows I can take on more work.
I do think it will actually effect the clients though. I see that jobs I post are getting far less applicants, even though I’ve spent probably over 100k on the system.
I am looking forward to see how it plays out…
Here’s also a quora answer with some more thoughts on the topic.