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How the Gig Economy is Having a Positive Effect on the Hospitality Industry

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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.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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SOURCE Financialnewsmedia.com

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Google Anti-Trust Lawsuit; Jony Ive’s New Gig

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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!

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Adele teases her upcoming hosting gig on ‘Saturday Night Live’  – Music News – The Black Chronicle

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Axelle/Bauer-Griffin/FilmMagicFans 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.

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Here’s What BC’s Three Main Parties Say They’ll Do For Precarious Workers Struggling in the Gig Economy

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Analysis

We asked three labour experts to take a close look at each platform

October 22, 2020