Paywall firm to cut staff, hire freelancers
The freelance work-from-home startup Paywall will cut staff by 15 percent, hire more freelancers and begin cutting costs to stay competitive with larger competitors.
The company said Tuesday that it will begin hiring freelancers on a temporary basis for some work, but the plan is to continue hiring for a long-term contract and hire people to work for the company.
The move will help the company attract new employees, said founder and chief executive Patrick Byrne.
Paywall said it will not expand its existing business or create a new one.
The online payment provider is offering a free trial of its Work From Home service, and will offer the service through Paywall.com.
Byrne said he expects the free trial to work well for Paywall because it gives users a chance to try out its services before paying full price.
The free trial is only available to existing Paywall users, so the company will not let new users sign up.
The business model of Paywall has attracted some big name clients, including Google, Netflix, Yahoo and other large companies.
In addition to offering free trial plans, the company has started offering paid packages for freelancers.
Those are billed at a fixed rate of $15 per hour and include additional benefits, such as unlimited use of the company’s mobile app, access to its network of 200,000 locations, and other perks.
In a blog post, Byrne said the company is trying to make its work-at-home service competitive with competitors by offering a better deal.
He said the new plan, which will start rolling out over the next month, will include a new perk, called the Work From home Pro, which offers unlimited work hours and unlimited credit toward the purchase of a second home.
The new perk will be available to new Paywall members beginning next week.
Payroll firm cuts jobs for freelancer in response to rising costs article Paywall CEO Patrick Byrne said that as the company continues to hire freelancing workers and pay their bills, it will need to cut costs to keep up with its competitors.
Byrne noted that the company had to cut more than 50 percent of its staff in 2017.
He added that the pay cuts are part of a broader effort to trim costs, including staffing costs.
The job cuts will help Paywall’s business model, Byrne wrote in a blog posting Tuesday.
Byrne, a New Jersey native, said he was inspired to create Paywall after seeing his daughter have a stroke and needing to spend time away from home.
He had seen so many people who could not work because they could not afford their health insurance.
He decided to create an online payment service that would allow people to get around the health care costs without worrying about their health.
“We thought it would be a great way to solve the problem, so we built Paywall,” Byrne wrote.
“It’s a great model for people to pay for their own health care, and it’s a better model for freelancing.”
Byrne said his decision to keep freelancers was driven by a desire to make sure the company can continue to grow.
“I don’t want Paywall to be one of the big players,” he wrote.
The changes come as Paywall faces growing competition from larger competitors like Square, which has hired thousands of workers to work from home in its payment business.