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Paramount mandates 5-day-a-week return to office ahead of major cost cuts
Paramount's CEO mandates full-time office presence to enhance collaboration amid $2 billion cost-saving efforts and upcoming staffing reductions, starting with Los Angeles and New York employees.
- In a companywide memo, Chairman and CEO David Ellison said Paramount employees in Los Angeles and New York offices must return full-time on January 5, 2026, with a severance opt-in for VPs and below until September 15, 2025.
- After the Skydance merger with Paramount and the Ellison family and RedBird takeover last month, Paramount Skydance leadership aims to cut $2 billion in costs with a five-day return-to-office policy.
- Phase two will expand the policy to offices outside Los Angeles and New York, including international locations, as Ellison wrote, `I believe that in-person collaboration is absolutely vital to building and strengthening our culture and driving the success of our business.`
- Variety reported potential cuts of 2,000–3,000 jobs as executives warned layoffs will number in the thousands, affecting the Paramount Global workforce of 18,600 employees at the end of last year.
- Following trends at major tech firms, the move aligns with David Ellison's strategic priorities combining culture reset and tech infusion, including a $7.7 billion UFC rights deal.
15 Articles
15 Articles
New Paramount CEO David Ellison issues ultimatum to workers: Return to office full-time or leave
New Paramount CEO David Ellison on Thursday told staff to return to the office full-time or accept a severance package.Ellison took control of Paramount, parent company of CBS, Comedy Central and the iconic movie studio last month after the Federal Communications Commission (FCC) approved a long-planned merger with Skydance Media. He notified staffers via a company-wide memo that COVID-era work-from-home policies are ending."I believe that in-pe…
Paramount Skydance gives staff a new RTO mandate: 5 days a week at the office or severance
David Ellison, CEO of Paramount Skydance, wants to make tech a big part of his entertainment empire.Paramount SkydanceDavid Ellison is mandating full-time office return for Paramount Skydance staff starting in January.The 5-day RTO policy coincides with a $2 billion target for cost savings.Paramount Skydance's policy goes further than peers like Warner Bros. Discovery and Disney.In one of his first moves as chief of the new Paramount Skydance, D…
Paramount's David Ellison tells employees to return to the office
Los Angeles- and New York-based vice presidents and lower-ranking employees will be offered a severance package if they wish to leave the company. The move comes nearly a month after the Ellison family and RedBird Capital Partners acquired Paramount.
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