Finland, Sweden formally apply for NATO membership - May 18, 2022

Netflix said it is laying off some 150 people across the company – about 2% of its total workforce – following an announcement last month that the streaming giant lost subscribers for the first time in a decade. In the weeks since the earnings announcement, Netflix has said it will allow subscribers the option to pay less for a version of the service that comes with ads and plans to crack down on password sharing. Netflix joins the ranks of other tech companies that have laid off employees this month, including Carvana, Doma, Zwift, Reef and Cameo. Finland and Sweden formally applied for NATO membership, a move, that if approved, would fundamentally transform the security landscape in Northern Europe and give the alliance a valuable edge against Russia. The bid to join breaks with a decades-long position of neutrality. Turkey’s president has been outspoken about his disapproval due to their alleged support of Kurdish militants and other groups that threaten its national security. Finland’s president is optimistic Turkey’s stance can be managed through discussions and the NATO secretary general said NATO is determined to reach a rapid conclusion. Hospitality workers are in high demand as travel picks up again, giving workers more leverage to negotiate better pay and benefits in an industry that historically favored employers. When the pandemic began, leisure and hospitality jobs accounted for 34% of all pandemic job losses, the largest percentage of any U.S. industry. Job data from April showed growth in leisure and hospitality, driven by food services, drinking establishments and accommodations. The pandemic’s arrival emptied coworking spaces like WeWork, but now people are lining up for low-commitment offices as the return to office trend coincides with a startup environment that faces uncertain times. Coworking spaces have trended toward a revenue-sharing model in an effort to mitigate risk, while WeWork went public. Last week, the company reported a $435 million loss but saw a jump in member sign-ups comp