Variety published a memo from CEO David Ellison and co-CEO Ynon Kreiz about the changes. The leaders have already indicated there will be layoffs. The Paramount and Warner Bros. Discovery merger was completed earlier this month. [Link: Skydance Is Offering Employees Voluntary Buyouts Ahead of Layoffs, Adopts 5-Days-per-Week In-Office Policy | https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/ | Variety]
Paramount Skydance is buying Warner Bros.
Variety published a memo from CEO David Ellison and co-CEO Ynon Kreiz about the changes. The leaders have already indicated there will be layoffs. The Paramount and Warner Bros. Discovery merger was completed earlier this month .
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David Ellison's father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.
Musk’s investment into the new media empire comes after Paramount’s $111bn merger with Warner Bros Discovery
Skydance is offering voluntary buyouts and ordering staff back to the office five days a week as it seeks $6bn in savings after its Warner Bros merger.
The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price.
It’s part of an industrywide trend toward bundling — and a prelude to further integration between the two streaming services.
