Skydance, as it embarks on the work to integrate the businesses of Paramount and Warner Bros. Discovery, is offering certain employees a voluntary buyout in a “one-time offer.” The new program was outlined by chairman and CEO David Ellison and co-CEO Ynon Kreiz in a memo to staffers Monday.
As Skydance integrates Paramount and Warner Bros. Discovery, it is requiring employees to work in the office five days a week and offering eligible staff a one-time voluntary buyout. The program comes as the company targets more than $6 billion in cost savings, with layoffs expected but executives s…
The new Skydance’s co-CEOs David Ellison and Ynon Kreitz have moved the full complement of staffers from Paramount and Warner Bros. Discovery to five days in a week in person. “We truly believe this is in the best interest of our company and our people.
Skydance Corp. co-Chief Executive Officer David Ellison told employees of the newly merged company that they will be expected to come into the office five days a week and if they don’t think they’ll be a good fit working there they can participate in a voluntary buyout offer.
Skydance, the megastudio formed via the recent merger of Paramount and Warner Bros. Discovery (WBD), is ordering workers back to the office full time and offering voluntary buyouts to certain employees.
