Skydance Offers Buyouts, Sets Five-Day Office Policy
As Skydance integrates Paramount and Warner Bros. Discovery, it is requiring employees to work in the office five days a week and offering eligible staff a one-time voluntary buyout. The program comes as the company targets more than $6 billion in cost savings, with layoffs expected but executives saying most reductions will come from non-labor costs.
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About David Ellison
David Ferris Ellison is an American film producer, media proprietor, and former actor serving as chairman and chief executive officer (CEO) of Paramount Skydance since August 2025. He founded the film and television production company Skydance Media in 2006 and later merged it with the media company Paramount Global, forming Paramount Skydance in 2025. He is the son of Oracle Corporation co-founder Larry Ellison.
Everything about David Ellison →- Occupation
- actor, film producer, executive producer, aircraft pilot
- Position held
- chairperson of the executive board, chief executive officer
- Citizenship
- United States
- Born
- January 9, 1983