Source | economictimes.indiatimes.com | Brinda Sarkar, ET Bureau
There has been a 78% rise in participation of high-skilled workers in the gig economy for contract-based jobs, finds a new survey.
This surge in high-skilled gig workers is complemented by a thriving 157% growth in demand from the IT sectors during the first two quarters of 2023, according to data from Awign Expert – a division specialising in high-skill gig workers at work-as-a-service platform Awign.
As companies face the brunt of cost optimisation, the gig economy has emerged as a vital solution to variabilise their fixed costs while working with a highly-skilled workforce on a project or milestone basis. Data from Layoffs.fyi reveals that in 2022 alone, 1,64,709 employees were laid off by 1058 tech companies, with more than 2 lakh employees globally facing the same fate in 800 tech companies.