Skydance Offers Buyouts, Requires Five Days a Week in Office
WHO:
IJR - Executives said most of the expected reductions would come from non-labor costs.
NY Post - Ynon Kreiz was described as the former Mattel chief.
Deadline - Skydance’s new co-CEOs are David Ellison and Ynon Kreiz.
Variety - David Ellison is Skydance’s chairman and CEO, and Ynon Kreiz is its co-CEO.
Deadline - The company announced plans affecting its full complement of staffers.
Variety - The voluntary buyout offer is for certain employees.
WHAT:
Business Insider - Eligible employees who opt out of working in person will receive severance equal to two weeks of pay for every year they worked at Paramount or Warner Bros. Discovery.
Business Insider - Most eligible employees are expected to receive the standard buyout, though exceptions may be made to the timing or amount.
Business Insider - The company did not specify whether exceptions would be made to the five-day in-office requirement.
Business Insider - Paramount staff assigned to an office had already been required to work in person five days a week, while Warner Bros. Discovery employees had worked in the office at least three days a week.
Business Insider - Skydance’s HR team said it had no additional buyout offers planned.
IJR - Skydance is targeting more than $6 billion in cost savings.
IJR - Layoffs are expected.
Deadline - Skydance plans to require employees across the company to work in person in the office five days a week.
Deadline - Skydance is offering a Voluntary Buyout (VBO) Program.
Variety - Skydance is offering certain employees a voluntary buyout as it prepares for layoffs.
Variety - The buyout is described as a “one-time offer.”
Variety - Skydance is adopting a five-days-per-week in-office policy.
Deadline - The co-CEOs said the buyout program is “to give eligible employees the option to move on in a way that works for them.”
WHEN:
Business Insider - Employees offered severance must decide whether to leave by 11 p.m. ET on November 8.
WHY:
Variety - Skydance is offering buyouts as it works to integrate the businesses of Paramount and Warner Bros. Discovery.
Deadline - The co-CEOs said, “We truly believe” before explaining their rationale for the in-office policy; the supplied article excerpt does not include the rest of the statement.
HOW:
NY Post - The companywide memo was signed by David Ellison and Ynon Kreiz.
Variety - David Ellison and Ynon Kreiz outlined the new buyout program in a memo to staffers.
Deadline - The VBO Program gives eligible employees the option to leave the company voluntarily.
(UPDATED October 27, 2026 04:07 UTC)
Skydance is offering certain employees a one-time voluntary buyout as it prepares for layoffs and works to integrate Paramount and Warner Bros. Discovery, while targeting more than $6 billion in savings, most of which executives say will come from non-labor costs. Co-CEOs David Ellison and Ynon Kreiz also announced a companywide five-day-a-week in-office policy, and eligible employees who accept the buyout will receive two weeks of pay for each year they worked at Paramount or Warner Bros.
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(UPDATED October 26, 2026 22:06 UTC)
Skydance is targeting more than $6 billion in savings as it prepares for layoffs, with executives saying most expected reductions will come from non-labor costs. Co-CEOs David Ellison and Ynon Kreiz announced a one-time voluntary buyout for eligible employees as the company works to integrate Paramount and Warner Bros. Discovery.
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(UPDATED October 26, 2026 20:06 UTC)
Skydance is offering certain employees a one-time voluntary buyout as it prepares for layoffs while integrating Paramount and Warner Bros. Discovery. In a staff memo, co-CEOs David Ellison and Ynon Kreiz said the program gives eligible employees the option to leave voluntarily.
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(UPDATED October 26, 2026 19:24 UTC)
Skydance is offering eligible employees a one-time voluntary buyout as it prepares for layoffs while integrating Paramount and Warner Bros. Discovery. Co-CEOs David Ellison and Ynon Kreiz outlined the program in a staff memo, saying it gives eligible employees the option to move on voluntarily.