Skydance’s Paramount is bringing employees back to the office five days a week, beginning in January. Staff members have less than two weeks to sign on to the new schedule or start talking severance.
Employees at the vice president level and below in New York and Los Angeles have until Sept. 15 to make their decision, CEO David Ellison said in a memo to staff Thursday. Those not interested in shifting to five days from the current expectation of at least two days in the office can participate in an “opt-in severance program,” he said.
The announcement comes just weeks after Skydance closed its merger with Paramount Global, the home of CBS, MTV and its namesake movie studio.
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