Skydance Offers Voluntary Buyouts

• Company also mandates five-day in-office workweek

Skydance is giving some employees a one-time voluntary buyout option as it combines Paramount and Warner Bros. Discovery following the close of their $110 billion merger. Eligible staff will receive personalized terms and a window to decide whether to accept the offer.

“As we bring our teams together, we recognize that not everyone will see their future here, and we respect that,” co-CEOs David Ellison and Ynon Kreiz wrote in a memo to employees. “To give eligible employees the option to move on in a way that works for them, we are introducing a Voluntary Buyout (VBO) Program. Those who qualify will receive an individual communication with their personalized details and terms, and a window to decide whether to accept this one-time offer.”

At the same time, Skydance is requiring employees to work in the office five days a week. The company said the policy will roll out on a phased basis by location so staff have time to adjust, with advance notice and support from managers.

“We truly believe this is in the best interest of our company and our people,” Ellison and Kreiz added. “We’ve seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them. While many of you are already in the office five days a week, we understand this may be a significant change to the daily routines of others.”