news 1 month ago

Gig Workers For Transcription Platform Rev Slashes Have Their Pay Cut

Wochit Postables
Rev is one of biggest names in transcription—and one of the cheapest services of its kind. Gizmodo reports the company has opted to alter its pay structure with little warning for thousands of contractors on its platform. Some of those contractors are now furious at what they expect will be smaller paychecks from here on out. Launched in 2010, Rev offers customers transcriptions at the bargain-basement price of $1 per minute of audio. One whistleblower claims a little less than half of that buck goes to the contractor, while about 50 to 55 cents goes to Rev. But Rev announced Wednesday that its job pricing model would change—with a new minimum of 30 cents per minute.