Skydance is offering buyouts to employees who aren't willing to work in the office 5 days a week

Skydance is offering buyouts to employees who aren't willing to work in the office 5 days a week Skydance CEO David Ellison and co-CEO Ynon Kreiz are implementing a five-day RTO policy. NYSE Skydance wants employees back in the office five days a week — and staffers who aren't willing to comply can take a buyout.CEO David Ellison and co-CEO Ynon Kreiz informed employees at the media giant about the change on Monday afternoon. They said in a memo that the RTO order applied "across all of Skydance.""We truly believe this is in the best interest of our company and our people," Ellison and Kreiz wrote in a memo to employees, which was viewed by Business Insider. "We've seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them."The memo did not mention whether there were any exceptions. Working in-person will lead to employees "communicating openly and collaborating efficiently across every part of the organization," Ellison and Kreiz told staffers."We believe in-person collaboration is vital to our culture and to the success of our business," Ellison and Kreiz said.Skydance is offering staffers who aren't willing to work in person a "Voluntary Buyout Program," though the company didn't share details."Please know we don't take any of this lightly," Ellison and Kreiz said.Read the full memo from Ellison and Kreiz: Team,At Skydance, our goal is to build the next-generation media and entertainment company, powered by creativity and technology. We are creative-first, audience focused, tech-forward and globally scaled. And in a world of endless choice and fierce competition for attention, we don't just want to succeed. We want to win.To do that, we must be a strong, connected and agile company. Among our business and creative priorities, none matters more than building a strong culture, because it's the foundation of everything we want to achieve. Winning requires us to work as one team: one company, fully aligned. That means communicating openly and collaborating efficiently across every part of the organization.In-Person CollaborationWe believe in-person collaboration is vital to our culture and to the success of our business. Especially in a creative company like ours, the best ideas come from people in the same room, sharing perspectives, challenging one another and solving problems. Being together isn't just about showing up. It's about inspiring one another, learning and coaching, forming friendships and having the casual conversations that spark something great.With that in mind, we will adopt a five-day in-office policy across all of Skydance. We truly believe this is in the best interest of our company and our people. We've seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them.While many of you are already in the office five days a week, we understand this may be a significant change to the daily routines of others. To give you time to plan and adjust, we will take a phased approach by location. You will receive ample notice before changes take effect, and we will work closely with managers to support you through the transition.Voluntary Buyout ProgramAs we bring our teams together, we recognize that not everyone will see their future here, and we respect that. To give eligible employees the option to move on in a way that works for them, we are introducing a Voluntary Buyout (VBO) Program. Those who qualify will receive an individual communication with their personalized details and terms, and a window to decide whether to accept this one-time offer.We recognize this is a significant decision, and we want you to feel informed and supported. If this applies to you, please review your materials carefully and reach out to your leadership or HR representative with any questions. FAQs and other resources are available on the Skydance Integration Hub, and HR support is also available through My Paramount (legacy Paramount employees) or Ask Employee Connection on WBD One (legacy Warner Bros. employees).Please know we don't take any of this lightly. We are clear about what we're building: a company that tells the stories people around the world love, embraces new ways to connect with audiences, and leads the next era of media and entertainment. We have the talent, the creative firepower and the ambition to do it, and we will get there together.Thank you for your commitment, and for the creativity and passion you bring to your work every day.Best,David and Ynon Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Skydance (Paramount-WBD), and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at jfaris@businessinsider.com and follow him on LinkedIn. Media Warner Bros.