David Ellison’s Skydance just shared its buyout offer for employees who don’t want to return to an office five days a week.
Staffers across the company, which was formed by the merger of Paramount and Warner Bros. Discovery, were told on Monday that they’d soon have to work fully in person. The company didn’t say if there were any exceptions to its new RTO mandate.
Eligible employees who aren’t willing to work in person can opt to take a standard buyout package of two weeks of severance for every year they’ve been at Paramount or WBD, two people familiar with the offer told Business Insider.
Most eligible employees will receive that offer, a person familiar with Skydance’s proposal said, though there could be exceptions on the timing or the amount received.
Staffers who’ve been offered severance must decide whether they’re leaving the company by 11 p.m. ET on November 8, an HR email viewed by Business Insider said.
Paramount staffers assigned to an office had been required to work from an office five days a week since earlier this year, while WBD workers had been working in an office at least three days a week.
“We recognize that as we bring our teams together, not everyone will see their future here,” Skydance’s HR team said in an email to staffers.
Skydance’s HR email said this buyout “is a one-time offer” and told employees that there are “no additional” offers planned.
Read the full email Skydance’s HR team sent below:
- Participation is entirely voluntary.
- This is a one-time offer; no additional BO programs are planned.
- If you do not respond by the deadline, you will be considered to have declined the offer.
- Once submitted, your decision may only be changed during your opt-in window.
- You may wish to consult a personal financial, tax, or legal adviser before making your decision.
Read the original article on Business Insider
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