PALM BEACH, Fla., Sept. 8, 2020 /PRNewswire/ — The GIG economy has, in the last few years, dramatically changed the restaurant, transportation and health care markets… but it also has revamped the hospitality sector as well. The GIG economy has been successful because it provided employers with dependable workers when needed and provides workers with greater control of their work schedule which translates into higher rates of job satisfaction and better services for the employers. Much of this has arisen due to the rise of online mobile apps over the past several years. On-demand labor platforms connect the hospitality industry in real-time with qualified individuals ready to work. Gone are the days of relying on traditional temp agencies, a new era has now arrived. Specifically, on-demand, short-term labor platforms are looking to meet the needs of hospitality businesses and ease the crippling effects that labor shortages can cause. It is all too common in the catering, hospitality, and food & beverage industry that good workers can be hard to find. Often there is a great need for a reliable and professional extra hand because a regular employee took an unexpected sick day or a big catering job is coming up. But today, thanks to innovative apps, companies can post available shift openings and be matched with an eager, qualified gig worker ready to fill in where and when they are needed. By leveraging the readily available on-demand labor force, employers can now reap the rewards of the fast-growing gig economy. Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), Costco Wholesale Corporation (NASDAQ: COST), Starbucks Corporation (NASDAQ: SBUX).
The future of the gig economy is strong thanks t to the pioneering companies that launched these apps, and now the hospitality industry has benefitted from the new availability. This trend is driven in part by the fact that more people are opting to join the GIG workforce. The ongoing rapid growth of the gig economy is changing the future of work and redefining the work-life experience. With smartphones as a constant companion, workers have the freedom to move seamlessly from gig to gig. Recent research from Intuit forecasts that by 2021 the gig economy will surge, resulting in 9.2 million Americans joining the gig workforce. With this continued uptick in the gig economy, gig workers will quickly outnumber jobs within the finance and construction sectors, respectively.
ShiftPixy, Inc. (NASDAQ: PIXY) BREAKING NEWS: ShiftPixy Announces Partnership with Washington Hospitality Association – More than 300,000 restaurant and hospitality employees to enter ShiftPixy ecosystem – ShiftPixy, a gig engagement platform provider, today announced a new partnership with the Washington Hospitality Association, the state’s leading hospitality trade group representing more than 6,000 members, and supporting more than 300,000 restaurant and hospitality industry employees across the state of Washington.
“We are absolutely thrilled to join forces with the Washington Hospitality Association in one of our largest and most significant partnerships to date,” said ShiftPixy Co-Founder and CEO Scott Absher. “The Washington Hospitality Association has historically demonstrated leadership and innovation in bringing vitality and leading-edge capabilities to the thousands of restaurant and hospitality operators across Washington State. We see our new partnership as a natural extension of that forward-thinking mindset, and eagerly anticipate helping Washington Hospitality Association advance its core mission utilizing our sophisticated and scalable human capital platform.”
Discussing the new partnership, Washington Hospitality Association [CEO/President Anthony Anton] stated, “An important focus of ours is to keep our restaurant and hospitality operators agile and equipped with the latest tools to succeed. We found the ShiftPixy platform to be exactly what we were seeking, especially during times such as these, when the ability to adapt to new market realities is of the utmost importance. We’re excited to join forces with the ShiftPixy team and eagerly look forward to introducing the ShiftPixy ecosystem to our restaurant and hospitality operators and the thousands they employ across Washington State.” Read this and more news for ShiftPixy at: https://www.financialnewsmedia.com/news-pixy/.
Other recent developments in the markets this week include:
Amazon.com Inc. (NASDAQ: AMZN) recently announced it is on course to invest $18 billion this year to help independent businesses sell to customers, including investments in logistics, tools, services, programs, and people. Since the beginning of the year, Amazon has launched more than 135 free tools and services to help sellers grow their sales in Amazon’s store. In the next twelve months, the company will provide more than 500,000 U.S. small and medium-sized businesses (SMBs) currently selling on Amazon with online selling guidance, education, and support, and the company plans to onboard an additional 100,000 U.S. businesses as new sellers in its store. The announcements were made at Amazon Accelerate – a three-day virtual summit for U.S. SMBs who are currently selling in Amazon’s store or interested in doing so.
“At Amazon, our mission is to be Earth’s most customer-centric company, and part of fulfilling that mission is connecting small businesses with customers,” says Jeff Wilke, CEO Worldwide Consumer at Amazon, who opened the event with a fireside chat with Dharmesh Mehta, Vice President, Customer Trust & Partner Support at Amazon. “Amazon’s success is directly tied to the success of independent businesses across the U.S. We are passionate about supporting small businesses, investing and inventing on their behalf to help them be resilient through COVID-19 and beyond.”
Microsoft Corporation (NASDAQ: MSFT) and Universal Filmed Entertainment Group recently announced a strategic partnership to cloud-optimize live-action and animation productions. The partnership aims to empower the creative community with cloud-based production workflows that enable frictionless remote collaboration and content creation. Working together, the teams will extend DreamWorks Animation’s cutting-edge production platform to include live-action production. They will bring those workflows into Microsoft Azure and ensure Universal’s ecosystem of partners can connect to them in open, standards-based ways.
“With this partnership, Universal is continuing to build on our commitment as an industry leader in transitioning to a cloud production model across our portfolio of studios. As outlined last year in the MovieLabs 2030 vision paper, streamlining our workflows will allow for a more efficient creative process, empowering the artists and storytellers we work with to make the best content possible,” said Michael Wise, Senior Vice President and Chief Technology Officer, Universal Filmed Entertainment Group.
Costco Wholesale Corporation (NASDAQ: COST) recently reported net sales of $13.56 billion for the retail month of August, the four weeks ended August 30, 2020, an increase of 15.0 percent from $11.79 billion last year. For the 16-week fourth quarter ended August 30, 2020, the Company reported net sales of $52.3 billion, an increase of 12.7 percent compared to net sales of $46.4 billion during the similar period last year. For the 52-week fiscal year ended August 30, 2020, the Company reported net sales of $163.2 billion, an increase of 9.2 percent from the $149.4 billion during the similar period last year.
August sales were negatively impacted by the shift of Labor Day. The estimated negative impact on August net and comparable sales was approximately 75 bps in the U.S., and a little more than 50 bps worldwide.
Additional discussion of these results is available in a pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID 6899287). This message will be available through 5:00 p.m. (PT) on Wednesday, September 9, 2020.
Starbucks Corporation (NASDAQ: SBUX) recently reported financial results for its 13-week fiscal third quarter ended June 28, 2020. GAAP results in fiscal 2020 and fiscal 2019 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.
“Since the beginning of the COVID-19 outbreak in January, we have taken a principled approach to navigate the crisis, true to our mission and values. Every step of the way, we have thoughtfully addressed the needs of Starbucks stakeholders and are particularly proud of the industry-leading investments we have made to support our partners while creating a safe, familiar and convenient experience for our customers. Starbucks partners have risen to the occasion, and our near-term focus is to recover sales safely and responsibly by offering our customers the comfort and care that differentiate the Starbucks Experience,” said Kevin Johnson, president and CEO.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty six hundred dollars for news coverage of the press release issued by ShiftPixy, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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Google Anti-Trust Lawsuit; Jony Ive’s New Gig
It’s the weekend! Before you sign off, let’s take a quick jaunt through some of the biggest tech stories of the week, including the U.S. government’s massive anti-trust suit against Google. Plus, Apple’s legendary designer has a new job!
Government Kicks Off Google Anti-Trust Lawsuit
On Tuesday, the Justice Department sued Google, accusing the search-engine giant of maintaining an illegal monopoly over internet search. It’s easily the largest anti-trust action to hit the tech industry since United States v. Microsoft Corp. more than two decades ago.
The federal government’s argument against Google is pretty straightforward. In essence, it’s arguing that Google’s agreements with Apple and other companies are choking off competition in the search market (for example, Google pays Apple quite a bit of money to make its search engine the default on the iPhone). For its part, Google might argue that it’s not dominant in search, given how consumers can freely use other sites to search for everything from products to information.
The company’s lawyers may also insist that Google’s position in the search market, while dominant, doesn’t actually harm consumers. “People use Google because they choose to — not because they’re forced to or because they can’t find alternatives,” said a Google spokesperson.
Whatever the outcome of the case, it could have as seismic an impact on the tech industry as Microsoft’s anti-trust case. Google’s lawyers have the fight of their professional lives ahead of them.
Jony Ive is Now Working for… Airbnb?
Jony Ive’s impact on the technology industry is enormous. As Apple’s chief industrial designer, he created the iconic (and much-imitated) designs for the iPhone, iPad, Apple Watch, the Mac, and the MacBook. When he retired in 2019, pundits wondered whether Apple would manage to retain its design mojo; there was also much speculation about what Ive would do next.
Well, speculate no longer: Ive has a new gig at… Airbnb, of all places. Now, you may question why a technology-enhanced house-rental company would solicit the services of the most famous industrial designer on the planet, and we’re here to tell you that…
Actually, we have no idea, either. Seriously, it’s weird. Given Ive’s predilection for minimalism, maybe Airbnb wants him to design a seamless white box in which guests can sit and meditate on aesthetics. Certainly Airbnb’s official statement on the hire, penned by CEO Brian Chesky, is no help when it comes to ascertaining the company’s tactical plans:
“Today, I’m thrilled to announce that Jony and his partners at LoveFrom will be engaging in a special collaboration with me and the Airbnb team. We have made the decision to work together through a multi-year relationship to design the next generation of Airbnb products and services. Jony will also help us continue to develop our internal design team, which he believes to be one of the world’s best. I know he is particularly excited about a relationship that will evolve to become a deep collaboration with our creative team.”
Maybe this is a learning experience for Ive, too. Perhaps he’s decided to expand his portfolio from hardware designs to shaping experiences for guests. However this collaboration pans out, though, one thing is clear: Airbnb’s future website and app are going to look distinctive.
Quibi Flames Out
Quibi, the company that burned through hundreds of millions of dollars in the belief that people want to watch five- and 10-minute television episodes on their phones, is shutting down after a mere six months.
“Quibi is going to go down as a case study at Harvard Business School on what not to do when launching a streaming service,” Stephen Beck, the founder and managing partner of the management consultancy cg42, told The New York Times.
To be fair, Quibi did its best, using its $1.75 billion in investor cash to hire some of the biggest stars on the planet and create dozens of series. From a technological perspective, though, the service hobbled itself from the outset by restricting certain features, such as the ability to share clips on social media. Quibi won’t just be a business case-study; it might end up as a good example of how not to design an app.
That’s it! Have a great weekend, everyone!
Adele teases her upcoming hosting gig on ‘Saturday Night Live’ – Music News – The Black Chronicle
Fans are counting down the days until Adele officially ends her extended absence from television and suits up to host Saturday Night Live this weekend.
However, fans believe the “Hello” singer might have something up her sleeve and are predicting that she will use the platform to officially announce her fourth studio album.
Of course, Adele only cranked up the mystery when teasing her upcoming SNL appearance on Wednesday, posting a candid snap of her hard at work memorizing lines.
“3 days to go,” the British powerhouse singer noted in the caption. Fans are already hard at work picking apart any clues she may have left in the seemingly innocuous photo.
The candid snap shows Adele, 32, wearing a black face mask as she sits at a table with a push-to-talk microphone on it as she pores through her script. It appears she’s also making notes due to the number two pencil she has balanced in her right hand.
While Adele previously admitted she was “absolutely terrified” to go on SNL, fans latched onto her saying that it “feels full circle” to return to the show as proof that she has something major planned.
The 15-time Grammy Award winner hasn’t released a studio album since 2015’s record-smashing 25. A release date for her still-unnamed upcoming fourth studio effort had been set for this year, but was delayed due to the ongoing COVID-19 pandemic.
It is still unknown when Adele will release her new album and she has repeatedly told fans to be patient. But perhaps fans will finally have their long-awaited answer come this Saturday.
The musical guest for this weekend’s Saturday Night Live is R&B star H.E.R.
By Megan Stone
Copyright © 2020, ABC Audio. All rights reserved.
Here’s What BC’s Three Main Parties Say They’ll Do For Precarious Workers Struggling in the Gig Economy
We asked three labour experts to take a close look at each platform
One issue that hasn’t received much attention during British Columbia’s ongoing election is the challenge faced by precariously employed workers in the province’s “gig economy.”
That might be surprising, because according to a Statistics Canada survey in 2016, there are more gig workers in British Columbia than other parts of Canada.
Back in May, Statistics Canada found young gig workers would likely experience significant income loss due to the coronavirus pandemic. Unemployed gig workers also lacked access to Employment Insurance until the federal government introduced a $400 per-week benefit last August.
But even before the pandemic hit, gig workers already lacked basic job security and employment benefits — and they’ve also had to fight for the right to unionize.
PressProgress asked three labour experts to assess each party’s proposals:
John Horgan’s BC NDP devotes one section of itsplatform to “gig workers,” explaining that the pandemic has exposed “how precarious livelihoods can be for contract and gig workers.”
The BC NDP promise to set up a “precarious work and gig economy strategy” in focused on developing employment standards tailored to precarious workers and ensuring their right to unionize. The party is also pledging to provide “pensions and benefits for precarious and gig workers” through a “collective benefit fund” for independent contractors, self-employed and part-time workers.
However, although many gig workers struggle month-to-month, the BC NDP does not provide a specific timeline for implementing these changes.
David Doorey, a professor of labour law at York University:
“The NDP platform speaks more directly to precarious and gig work than those of the other parties. The NDP is right to emphasize the need to strengthen enforcement of labour standards. Without effective enforcement, low road businesses will continue to ignore laws, which harms both workers and competing businesses that comply with the rules. Non-compliance with regulatory standards remains one of the most pressing issues in employment law.”
Sylvia Fuller, a sociology professor at the University of British Columbia:
“The NDP platform goes furthest in recognizing and committing to address the vulnerabilities of precarious and gig workers through changes to Employment Standards. As with the Greens, there are few specifics here, with details to be worked out via consultation with employer and worker representatives. There is one very important specific commitment: ensuring that gig workers have the right to join a union. This is a major step forward as it provides an avenue for gig workers to collectively fight for better working conditions. The employer tactic of classifying gig workers as self-employed independent contractors who cannot unionize and are not covered by employment protections around minimum wages, vacation days, etc. has been a key factor contributing to their precarity.“
Kendra Strauss, a labour studies professor at Simon Fraser University:
“The NDP has made positive changes to prohibit contract flipping and ensure that unionized workers have succession rights in contracted-out work environments. And it is positive to see precarious livelihoods explicitly mentioned. The question is how changes to existing legal protections can be made to apply to workers who are not considered employees.”
BC Liberal Party
Andrew Wilkinson’s BC Liberals make no mention of precarious workers in their party platform, with the party instead broadly focusing on tax cuts which they claims will “get more people back to work and attract new investment.”
The party’s flagship promise is a provincial sales tax cut for one year, before restoring the PST rate to 3% the following year. The BC Liberals also promise to eliminate the Small Business Income Tax, which the party claims will “keep more people working.”
In its section on “small business owners,” the BC Liberals also state they will help businesses using app-based delivery services by capping “online food delivery charges by third-party apps at 15 per cent, to support local restaurants during the pandemic.”
“The Liberals are still clinging to the fantastical dream that tax cuts are the mystical silver bullet that solve all social and economic ills. It’s not surprising to find nothing in their platform that specifically targets precarious and platform work. We should not expect a Liberal government to be interested in expanding the reach of employment regulation or collective bargaining, both of which are perceived as burdensome “red tape” for business in the Liberal playbook.”
“None of the Liberal promises would do anything to ameliorate the precariousness of gig economy work. I also worry that capping online food delivery charges by third-party apps, while helpful for keeping restaurants going, might inadvertently lead those apps to make up the difference by lowering payments to food delivery workers.”
“No firm commitments to addressing the significant reductions in workers rights under the Employment Standards Act and LRA brought in by the previous Liberal governments, which the NDP has started to reverse. There is little sense that precarious employment or gig work are even on the radar of the provincial Liberals.”
BC Green Party
Although their platform makes no mention of “gig workers,” Sonia Furstenau’s BC Greens do promise to establish a “task force to advise on modernizing employment standards” with the goal of “reducing inequality in modern employment relationships.”
The BC Greens say this task force will recommend ways to “adapt to the changing nature of work and technology.”
“The Green Party’s promise to strike another task force to ‘modernize’ employment standards is standard political fare and meaningless without more detail. Every reform of labour laws in the past 70 years has purportedly been about ‘modernizing’ standards, and many of these reforms have made workers worse off.”
“While employment standards changes may be productively worked out by a task force, it isn’t clear that specifically addressing the vulnerable position of gig workers would be on its agenda, especially since technology companies are mentioned first in the list of who the task force would include.”
“A task force is fine, but we’ve had enquiries into Employment Standards Act changes, e.g. most recently the 2018 Report on the Employment Standards Act. Firm commitments to improving the ESA, particularly for gig workers; resolving the issue of whether gig workers are employees; and dealing with the number of exemptions from the BC minimum wage, are needed.”
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