The gig economy significantly impacts traditional employment by reshaping the workforce dynamics and labor market. It enables individuals to work on a freelance or contract basis, offering more flexibility and diversification in income sources. While this model provides opportunities for many, it can lead to job insecurity, reduced benefits, and a lack of stability compared to traditional jobs. Organizations also benefit from the gig economy by accessing a wider talent pool and reducing employment costs. Overall, the gig economy represents a shift in how work is conceived, valued, and structured in modern society.