gig economy

Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy

Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
November 03, 2022  |  Economy

Ride-hailing company Lyft is making another cut to its employees by laying off nearly 700 members of its staff, effective Thursday (Nov. 3). In a...

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Uber Says 70% of New Drivers Signed Up to Beat Inflation
Uber Says 70% of New Drivers Signed Up to Beat Inflation
November 01, 2022  |  Earnings

As Uber reported its third-quarter earnings, CEO Dara Khosrowshahi had a pointed stat that spoke volumes about the gig economy in general and the mobility/delivery...

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Uber’s Ability to Cross-Sell and Hire New Drivers Will Be Key Q3 Test
Uber’s Ability to Cross-Sell and Hire New Drivers Will Be Key Q3 Test
October 31, 2022  |  Earnings

Beyond the rebound in revenues, beyond the bounce back in Uber’s core ride-hailing business, we’ll get a sense of just extensible the platform model really...

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Mastercard: Instant Push to Debit Near-Universal Payouts Choice for Gig Workers and Gamers
Mastercard: Instant Push to Debit Near-Universal Payouts Choice for Gig Workers and Gamers
October 28, 2022  |  Payment Methods

Whether it’s instant payments or real-time payments, either way it’s where disbursements seem to be headed, between the demand generated by gig workers and the...

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Visa Aims to Turn Creators into Small Businesses with Digital Payments
Visa Aims to Turn Creators into Small Businesses with Digital Payments
October 19, 2022  |  Commerce Connected

In times past, a creator might’ve been a musician busking for tips on a street corner. Social media thrust those musicians — and artists, poets,...

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AP Automation a Top Priority for Gig Economy Firms
AP Automation a Top Priority for Gig Economy Firms
October 18, 2022  |  Gig Economy

The emergence of online marketplaces and platforms has made it possible for the gig economy to flourish. After all, it is the online channel through...

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B2B eCommerce Firm Papmall Debuts Cross-Border Freelance Payments
B2B eCommerce Firm Papmall Debuts Cross-Border Freelance Payments
October 14, 2022  |  B2B Payments

B2B eCommerce platform papmall has upgraded its services to allow businesses to send cross-border payments to freelancers. “Freelancers may become frustrated and leave the current...

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Gig Economy Platforms Say Legacy Payments Tech Stalls Future Growth
Gig Economy Platforms Say Legacy Payments Tech Stalls Future Growth
October 12, 2022  |  Accounts Payable

Gig economy companies have long exhibited rapid growth, and payables volume, particularly, is spiking. Within the industry, 96% of companies experienced an increase in the...

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