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
Gen Z Turns Side Gigs Into 57% of Total Income
October 16, 2025

What was once a stopgap for hard times is fast becoming a fixture of American financial planning. According to a new PYMNTS Intelligence report, “Do the (Side) Hustle: Four in 10 U.S. Consumers Seize the Opportunity to Earn More Income,” side hustles now make up nearly half...

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.” In a Monday (Sept. 15) letter to employees shared on the company’s investor relations website,...

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

Money movement platform Thunes launched a partnership with payroll company Ontop. The collaboration is designed to give freelancers and remote workers real-time access to their earnings around the world, according to a Monday (Aug. 11) press release. With the help of Thunes’ Direct Global Network,...

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. The PYMNTS Gig Economy app...

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

Borderless work requires borderless payments. The rise of the contingent workforce — including freelancers, gig workers, remote teams and cross-border hires — is pushing companies, banks and FinTechs to rethink the infrastructure supporting global compensation. “It’s a very interesting landscape today,” Eynat Guez, CEO and...

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. The new Contingent OS platform provides a financial infrastructure that encompasses vendor management systems, payroll compliance, invoice verification and instant...

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.” For a growing number of Americans, a traditional job is no longer their sole, or even primary, source of income. What were once considered sporadic “gigs” or supplemental...

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. Republican lawmakers want to turn that campaign trail proposal into concrete legislation. And Uber and DoorDash, The Wall Street Journal (WSJ) reported Saturday (March 29), want this legislation to cover the independent contractors that work...

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). In an earnings release and other materials issued Wednesday (Feb. 12), the company highlighted AI innovations it added to its marketplace platform and AI talent the platform...