Skydance Offers Buyouts and Orders Everyone Back to the Office Five Days a Week

Skydance offers buyouts, orders return to office

As Skydance begins integrating Paramount and Warner Bros. Discovery after its $111 billion takeover closed on October 6, CEO David Ellison and co-CEO Ynon Kreiz told staff they will offer eligible employees a one-time voluntary buyout while moving the whole company to a mandatory five-day in-office policy, rolled out by location. Layoffs are expected as Skydance targets more than $6 billion in annual savings within three years; L.A. County estimates the merger could cost some 4,500 film and TV jobs.