Skydance Offers Voluntary Buyouts and Orders Staff Back Five Days a Week
publishers 23articles 24first reported 26 Oct, 17:45 UTCdeveloping since 27 Oct · 6 editions
Skydance is introducing a voluntary buyout program for certain employees while requiring staff across the company to work in the office five days a week, according to reports from Bloomberg, Deadline and Fast Company.
The changes follow the combination of Paramount-Skydance and Warner Bros. Discovery. Paramount-Skydance employees were already subject to a five-day in-office schedule, while Warner Bros. Discovery had required workers to attend three days a week, Fast Company reported.
“We believe in-person collaboration is vital to our culture and to the success of our business,” chairman and CEO David Ellison and co-CEO Ynon Kreiz wrote in a Monday memo quoted by Fast Company. They added that, particularly at a creative company, “the best ideas come from people in the same room.”
Employees eligible for voluntary buyouts will receive personalized terms, according to a Yahoo report citing The Hollywood Reporter. Bloomberg described the offers as preceding broader workforce reductions. The company did not specify in the reported memo how many employees it expects to accept buyouts or the scale and timing of any subsequent cuts.
HOW THIS STORY WAS MADE
Written from 8 articles, 1 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 24 h after the record first saw the story; the editor kept it as written.
- Publishers
- 23
- Source articles
- 24
- Given to the writer
- 8, 1 with the article's own text
- Independent newsrooms
- 8
- This version written
- 24 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →