Skydance wants employees back in the office five days a week — and staffers who aren’t willing to comply may be eligible for a buyout.
CEO David Ellison and co-CEO Ynon Kreiz informed employees at the media giant about the change on Monday afternoon. They said in a memo that the RTO order applied “across all of Skydance.”
“We truly believe this is in the best interest of our company and our people,” Ellison and Kreiz wrote in a memo to employees, which was viewed by Business Insider. “We’ve seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them.”
The memo did not mention whether there were any exceptions or say who’s eligible for a buyout. It said employees who qualify for a buyout would get an “individual communication with their personalized details and terms, and a window to decide whether to accept this one-time offer.”
Skydance was formed earlier this month when Paramount completed its $110 billion acquisition of Warner Bros. Discovery. (The company previously went by Paramount Skydance.)
Most WBD employees have been required to work in person three days a week.
Paramount Skydance, for its part, had mandated that staffers in its New York and Los Angeles offices return to work in person five days a week in January. Staffers who weren’t willing to work in person were offered a severance package. The company also called hybrid workers back in September for Phase 2 of its RTO policy.
Working in person will lead to employees “communicating openly and collaborating efficiently across every part of the organization,” Ellison and Kreiz told staffers in the Monday memo.
“We believe in-person collaboration is vital to our culture and to the success of our business,” Ellison and Kreiz said.
Read the full memo from Ellison and Kreiz:
Read the original article on Business Insider
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