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As Skydance merges with Warner Bros. and Paramount, the company offers voluntary redundancy and mandates return to the office

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As Skydance merges with Warner Bros. and Paramount, the company offers voluntary redundancy and mandates return to the office

Skydance - the newly formed corporate megazord combining Warner Bros and Paramount - has issued a full five-day return-to-office mandate to employees, and offered voluntary buyouts as the merging of the companies begins.

The company was formed earlier this month following a much-debated $110bn Paramount acquisition of Warner Bros., in which both companies were squished together to be led by a refreshed board, which includes former UK prime minister Tony Blair (in an advisory role), philanthropist Laurene Powell, and former Activision CEO Bobby Kotick.

In an internal email seen by Vertical Slice, CEO David Ellison and co-CEO Ynon Kreiz told employees that in-person collaboration is "vital" for the company going forward.

"Especially in a creative company like ours, the best ideas come from people in the same room, sharing perspectives, challenging one another and solving problems," the email read. "Being together isn't just about showing up. It's about inspiring one another, learning and coaching, forming friendships and having access to the casual conversations that spark something great.

"With that in mind, we will adopt a five-day in-office policy across all of Skydance. We truly believe this is in the best interest of our company and our people. We've seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them."

The voluntary buyouts, meanwhile - which for those who don't know is an opportunity for employees to leave the company with a severance package - were described as a "one time offer", though it was not clear which teams within Skydance are eligible to accept it.


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