Skydance offers buyouts after $111 billion merger

Skydance has introduced voluntary buyout offers for eligible employees as it integrates Paramount and Warner Bros. Discovery following the completion of its $111 billion acquisition. The company is simultaneously implementing a mandatory five-day in-office policy, which will roll out gradually across its locations.

These measures are positioned ahead of anticipated layoffs as Skydance targets more than $6 billion in annual cost savings over a three-year period. The company has not disclosed the specific number of employees affected by the buyout program. The initiatives are part of a broader restructuring effort designed to consolidate operations, reduce expenses, and integrate the two media businesses.