Gig Economy

A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. The term "gig" is a slang word meaning "a job for a specified period of time" and is typically used in referring to musicians. Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization.

(source: whatis.techtarget.com)

Gig Economy
Fiverr Lays Off 250 Employees and Pivots to ‘AI-Focused Infrastructure’
September 15, 2025

Freelancer platform Fiverr is laying off 250 employees across different departments as part of a restructuring plan that aims to make the company artificial intelligence (AI)-focused “from the ground up.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Gig Economy
Thunes and Ontop Team to Streamline Freelancer Payments
August 11, 2025

Money movement platform Thunes launched a partnership with payroll company Ontop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Gig Economy
Taskrabbit Scores Points on PYMNTS Gig Economy App Rankings
July 21, 2025

Summertime. Time for heat, humidity, vacations, beaches and a lot of kids as well as adults looking for part-time work. It inspired a look at the gig economy apps in our app provider rankings, where we found a few surprises. Get the Full Story Complete...

Gig Economy
Banks Caught Flat-Footed as Global Payroll Rides Innovation Wave
June 03, 2025

Borderless work requires borderless payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...

Gig Economy
Papaya Launches Platform to Manage and Pay Contingent Workers
May 20, 2025

Papaya Global launched a dedicated platform designed to help enterprises and managed service providers (MSPs) manage and pay freelancers, consultants, gig workers and independent contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Gig Economy
America’s Second Shift: Why Side Hustles Are Now a Financial Lifeline
May 14, 2025

The 9-to-5 workday is going the way of the door-to-door salesman. So is the definition of “work.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Gig Economy
Uber and DoorDash Hope to Hitch Ride With GOP Tip Law
March 30, 2025

President Donald Trump wants to remove taxes on workers’ tips. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Gig Economy
Upwork: Demand for AI Talent Drove Record Revenue in 2024
February 12, 2025

Work marketplace Upwork earned record revenue in 2024 and attributed its gains in part to artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Gig Economy
FTC Says Antitrust Laws Don’t Apply to Gig Economy Collective Bargaining
January 14, 2025

Gig workers and other independent contractors can take collective action seeking better compensation and job conditions without being challenged by the Federal Trade Commission (FTC), the regulator said Tuesday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited...