---
title: "Skydance Offers Staff Voluntary Buyouts and a Five-Day…"
canonical: "https://www.metaintro.com/blog/skydance-voluntary-buyouts-five-day-office-warner-bros-discovery"
language: "en"
author: "drashtigarach"
published: "2026-10-27T15:31:23.000Z"
modified: "2026-10-27T15:31:23.000Z"
---

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# Skydance Offers Staff Voluntary Buyouts and a Five-Day Office Rule After the Warner Bros. Discovery Deal

Skydance offers eligible staff a one-time buyout and a five-day office week after its $111 billion Warner Bros. Discovery deal. What workers need to know.

[![Drashti Garach](https://cdn.metaintro.com/rs:fill:40:40/q:72/plain/images/5719d740-e510-42bc-8017-e040d145f35f_1766029465094.png)Drashti Garach @DrashtiGarach](/blog/author/drashtigarach)

[October 27, 2026](/blog/archive/2026/10)12 min read

![A film studio lot with plain soundstages, carts and a camera crane, crew small in the distance](https://cdn.metaintro.com/rs:fill:1200:675/q:78/plain/images/skydance-voluntary-buyouts-five-day-office-warner-bros-discovery-hero.jpg)

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Skydance, the company formed when Paramount took over Warner Bros. Discovery, is [offering certain employees a voluntary buyout in a one-time offer](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), and it is [moving to a mandatory five-days-per-week in-office policy across the company](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/). Chairman and CEO David Ellison and co-CEO Ynon Kreiz set out both in [a memo to employees on Monday, Oct. 26, 2026](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/). The company [did not disclose how many workers would qualify or how many positions it hopes to eliminate](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/). For [Metaintro](https://www.metaintro.com) readers who work at CBS, CNN, HBO, Warner Bros. or Paramount, this guide covers the memo, what the last Paramount buyout round looked like, how many jobs Los Angeles County estimates the merger could put at risk, and the federal and California rules that shape any buyout decision.

## What Did the Skydance Memo Say About Buyouts?

The program has a name and a process. The memo introduces a [Voluntary Buyout (VBO) Program](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/) so that eligible employees can move on in a way that works for them. Each person who qualifies will receive [an individual communication with their personalized details and terms, and a window to decide](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/) whether to accept.

Support runs through the Integration Hub and two HR channels. [FAQs and other resources are on the Skydance Integration Hub](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), and HR help is available through My Paramount for legacy Paramount employees or Ask Employee Connection on WBD One for legacy Warner Bros. employees, as set out in [the full memo text](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

The executives presented it as an option to leave. In their words, [not everyone will see their future here, and we respect that](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/), and the company does not take [any of this lightly](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

> We recognize this is a significant decision, and we want you to feel informed and supported, Ellison and Kreiz wrote, according to [the memo published by Variety](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

## Who Is Eligible, and What Will a Skydance Buyout Pay?

Skydance has not made eligibility or pay public. The memo [did not say which roles are eligible](https://thenextweb.com/news/skydance-offers-staff-buyouts-after-warner-bros-merger), and Skydance has not said [how much it will pay](https://thenextweb.com/news/skydance-offers-staff-buyouts-after-warner-bros-merger). Skydance has not announced [when the buyout program will open](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/) or set a deadline for employees to accept an offer.

The last round at Paramount shows how a similar program ran. In that first phase, employees in the [L.A. and New York offices at the VP level and below](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/) could take a voluntary severance package if they were unable or unwilling to return full time.

Company disclosures showed the severance packages [set Paramount back $185 million](https://fortune.com/2025/11/11/paramount-skydance-return-to-office-ultimatum-cost-185-million-dollars/), and the filings described the restructuring costs as tied to [actions to align the business around our strategic priorities](https://fortune.com/2025/11/11/paramount-skydance-return-to-office-ultimatum-cost-185-million-dollars/). That severance total covered a single earlier round, so it is no guide to any one person's offer this time. Paramount said in a November 2025 shareholder letter that it [expects to incur $1.7 billion in restructuring expenses](https://fortune.com/2025/11/11/paramount-skydance-return-to-office-ultimatum-cost-185-million-dollars/).

## How Will the Five-Day Office Rule Roll Out?

The office rule covers everyone, but it arrives in stages. Skydance will [adopt a five-day in-office policy across all of Skydance](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), using [a phased approach by location](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/). Staff will receive [ample notice before changes take effect](https://www.awn.com/news/skydance-calls-everyone-back-office-offers-some-way-out), and the company will [work closely with managers to support staff through the transition](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

The executives gave their reason in the memo. They wrote that [in-person collaboration is vital to our culture and to the success of our business](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), and that the company has [seen the benefits firsthand at Paramount](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/) and wants every part of Skydance to share in them.

Many former Warner Bros. Discovery staff face a big change. They [previously operated under a hybrid schedule requiring three days of office attendance each week](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/), so the new rule means more days in the office each week.

Legacy Paramount staff have already been through this. In early September 2025, Paramount staff learned they were expected in the office five days a week [starting Jan. 5, 2026](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/), with buyouts available to those who did not want to comply [starting Sept. 15](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/). Ellison made the case for the office in his own words at the time, writing that [some of the most formative moments of my life happened in rooms where I was a fly on the wall, listening and learning](https://fortune.com/2025/11/11/paramount-skydance-return-to-office-ultimatum-cost-185-million-dollars/), and that he had [never seen that happen on Zoom](https://fortune.com/2025/11/11/paramount-skydance-return-to-office-ultimatum-cost-185-million-dollars/). Employees who do not want to work five days in the office [may be eligible for the buyout](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/), though [the memo itself](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/) sets out the office rule and the buyout program under separate headings.

> 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, Ellison and Kreiz wrote, according to [the Variety copy of the memo](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

## Why Is Skydance Offering Buyouts Now?

Skydance is cutting costs after [a newly closed deal](https://www.metaintro.com/blog/paramount-warner-bros-deal-closes-hollywood-jobs-2026). The [$111 billion takeover closed on Oct. 6](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), and the combined group was [renamed Skydance, after the production company Ellison founded](https://thenextweb.com/news/skydance-offers-staff-buyouts-after-warner-bros-merger).

The company is targeting [$6 billion in cost reductions over three years, including $2 billion during the first year](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/). Part of that [will come from layoffs](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), although Ellison has said the savings would come mainly from [technology, procurement and real estate rather than workforce reductions](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/).

Layoffs were flagged on day one. In their Day One memo after the close, the two executives warned that integration [will bring change, including difficult decisions that affect our workforce](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/). The new entity also carries [$80 billion in debt](https://filmstories.co.uk/news/skydance-paramount-warner-merger-completes-talk-immediately-turns-to-layoffs-and-using-ai/), Film Stories reports.

The last integration offers a reference point. After the Skydance-Paramount deal closed in 2025, [about 1,000 employees were laid off at the end of October 2025](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/), with another round expected that would together reduce [about 10% of the company's staff](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/).

## Which Brands and Teams Sit Inside the New Skydance?

The new company spans a wide set of businesses. The deal brought together [Paramount Pictures, CBS, Warner Bros., HBO and CNN](https://thenextweb.com/news/skydance-offers-staff-buyouts-after-warner-bros-merger), and the group also includes [Paramount+, HBO Max and cable networks including TNT, TBS, Comedy Central and Nickelodeon](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/).

The group also holds several animation brands. From Paramount came [Paramount Animation, Nickelodeon and Skydance Animation](https://www.awn.com/news/skydance-calls-everyone-back-office-offers-some-way-out), and from Warner Bros. Discovery came [Warner Bros. Pictures Animation, Warner Bros. Animation, Cartoon Network and Adult Swim](https://www.awn.com/news/skydance-calls-everyone-back-office-offers-some-way-out).

[HBO Max and Paramount Plus are to be merged into one streaming platform](https://filmstories.co.uk/news/skydance-paramount-warner-merger-completes-talk-immediately-turns-to-layoffs-and-using-ai/), the same Film Stories piece adds. The buyout program adds [uncertainty for employees at CBS News, CNN and the company's other television operations](https://www.newscaststudio.com/2026/10/26/skydance-buyouts-in-office/) as management works out how to combine resources and eliminate overlapping functions, NewscastStudio notes.

## How Many Hollywood Jobs Could the Merger Cost Los Angeles?

[Los Angeles County's Department of Economic Opportunity](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/) and the LA County Film Office released a final 120-day report on August 19, 2026, prepared by CVL Economics. It estimates [approximately 4,500 direct film and TV jobs in Los Angeles County could be lost over the three-year period](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/) during which the companies combine operations.

The wider count is in job years, with [a total of 10,360 job years exposed, including 2,661 indirect jobs at small businesses that support production](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/), such as prop houses, printers and transport firms. Another [3,204 jobs induced from local production spending in the broader economy could also be at risk](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/). One job year equals [one full-time job that lasts for exactly one year](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/).

These are risk estimates, not a layoff plan. [The companies have not announced job cuts of the scale modeled](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/), and the county says the figures are not layoff forecasts. The pressure points it lists include slate consolidation, a shared below-the-line workforce, creators holding exclusive deals at both companies, and [location decisions that can swing California production](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/).

The modeled losses would equal [nearly 9 percent of the 52,016 film and TV jobs California has already lost since 2022](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/), and the county's workforce action plan for affected workers draws on its [18 America's Job Centers of California](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/), job fairs and expedited access to unemployment insurance.

## What Rules Protect Workers Aged 40 and Over Who Get a Buyout Offer?

If a buyout package asks you to sign a release that covers age discrimination, the federal rule in [the EEOC waiver regulation hosted by Cornell Law School](https://www.law.cornell.edu/cfr/text/29/1625.22) sets minimum terms for it to be valid, and the rule refers to [a person age 40 or older](https://www.law.cornell.edu/cfr/text/29/1625.22) as a member of the protected class under the Age Discrimination in Employment Act.

Group offers get more time. When a waiver is tied to an exit incentive offered to a group, the worker must get [a period of at least 45 days within which to consider the agreement](https://www.law.cornell.edu/cfr/text/29/1625.22), compared with [at least 21 days](https://www.law.cornell.edu/cfr/text/29/1625.22) for an individual waiver. After signing, the worker keeps [a period of at least 7 days](https://www.law.cornell.edu/cfr/text/29/1625.22) to revoke, and the agreement is not enforceable until that window ends.

Voluntary programs count. The term exit incentive or other employment termination program [includes both voluntary and involuntary programs](https://www.law.cornell.edu/cfr/text/29/1625.22), and the 45-day clock [runs from the date of the employer's final offer](https://www.law.cornell.edu/cfr/text/29/1625.22), with [material changes to the final offer restarting](https://www.law.cornell.edu/cfr/text/29/1625.22) the count unless [the parties agree that changes do not restart](https://www.law.cornell.edu/cfr/text/29/1625.22) it.

You are also owed information. For a group program, the employer must disclose [the job titles and ages of all individuals eligible or selected for the program](https://www.law.cornell.edu/cfr/text/29/1625.22), along with the ages of those in the same job classification or unit who were not eligible or not selected. The waiver must [refer to the Age Discrimination in Employment Act by name](https://www.law.cornell.edu/cfr/text/29/1625.22), and the individual must be [advised in writing to consult with an attorney](https://www.law.cornell.edu/cfr/text/29/1625.22) before signing.

The offer must also give you something new. A waiver counts only if it is made in exchange for [consideration in addition to anything of value to which the individual already is entitled](https://www.law.cornell.edu/cfr/text/29/1625.22), meaning value beyond what you would get without signing. The waiver cannot cover [rights or claims that may arise after the date the waiver is executed](https://www.law.cornell.edu/cfr/text/29/1625.22), although an [agreement to retire or otherwise terminate employment at a future date](https://www.law.cornell.edu/cfr/text/29/1625.22) can still be enforced, and [the entire waiver agreement must be in writing](https://www.law.cornell.edu/cfr/text/29/1625.22).

For a group program, the written notice must also set out [any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable](https://www.law.cornell.edu/cfr/text/29/1625.22), and it must be [written in a manner calculated to be understood by the average individual eligible to participate](https://www.law.cornell.edu/cfr/text/29/1625.22).

## Can You Collect Unemployment in California After Taking a Buyout?

The [California Employment Development Department](https://edd.ca.gov/en/UIBDG/Voluntary_Quit_VQ_360_-_Reason_for_Decision) keeps a standard denial in its benefit decision guide for a claimant who quit [to take advantage of a severance bonus program](https://edd.ca.gov/en/UIBDG/Voluntary_Quit_VQ_360_-_Reason_for_Decision), finding that person does not meet the legal requirements for payment of benefits.

Severance pay is treated differently. [Severance pay is not wages for unemployment insurance purposes and does not affect the claimant's eligibility](https://edd.ca.gov/en/UIBDG/Total_and_Partial_Unemployment_TPU_46035_-_Reason_for_Decision) for benefits.

Accepting a voluntary package may cost you [jobless benefits](https://edd.ca.gov/en/UIBDG/Voluntary_Quit_VQ_360_-_Reason_for_Decision). That trade-off belongs in your sums before you [accept a voluntary separation package](https://www.metaintro.com/blog/should-you-accept-a-voluntary-separation-package), alongside the size of the offer.

## What This Means for Skydance Employees, and What Should You Do Next?

The order of events puts the weight on each worker. Skydance is asking staff to choose before it has [revealed the extent of the job cuts it expects](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/), so the decision rests on the personal terms in each offer and the rules covered above, not on any public headcount. Those rules apply whatever the final numbers turn out to be.

- **Check the waiver timing.** If the package asks for an age waiver, check the review and revocation periods in [the federal waiver rule](https://www.law.cornell.edu/cfr/text/29/1625.22) before you sign.
- **Compare the package with what you give up.** Weigh the offer against the [unemployment benefits](https://edd.ca.gov/en/UIBDG/Voluntary_Quit_VQ_360_-_Reason_for_Decision) you could lose by taking it.
- **Plan for five days.** Map out childcare and travel for a [five-day office week](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/) before your location's date is set.
- **Use the county's job centers if you leave.** The [county workforce plan](https://opportunity.lacounty.gov/la-county-releases-final-120-day-report-on-potential-economic-and-workforce-impacts-of-paramount-skydance-acquisition-of-warner-bros-discovery/) is the place to start.

Lacey Kaelani, [Metaintro](https://www.metaintro.com)'s CEO, puts it this way: A buyout window is a deadline on your job search, not just on the paperwork. Start looking before you sign, so the offer is one option among several.

## Related Articles

- [Microsoft's First Voluntary Buyout Signals a New Tech Layoff Playbook for the AI Era](https://www.metaintro.com/blog/microsoft-first-voluntary-buyout-ai-shift)
- [Laid Off by Oracle This Week? What Its Severance Plan Paid in the Last Round](https://www.metaintro.com/blog/oracle-severance-package-laid-off-workers-2026)
- [Xbox Staff Face Reported Layoff Waves in October, November and January](https://www.metaintro.com/blog/xbox-layoff-waves-october-november-january-2026)
- [Office Mandates Are Quietly Costing Companies Female Applicants](https://www.metaintro.com/blog/office-mandates-costing-female-applicants)
- [Rigid Return-to-Office Rules Are Quietly Pushing Working Parents Out](https://www.metaintro.com/blog/why-forcing-parents-back-to-office-killing-productivity-2026)
- [The Zoom Firing Playbook: Why Companies Are Sending You Home Before Cutting You Loose](https://www.metaintro.com/blog/zoom-firing-playbook-companies-sending-home-before-layoffs-2026)
- [Inside Meta's Layoff Memo and How It Is Selling Job Cuts to Thousands of Workers](https://www.metaintro.com/blog/meta-layoff-memo-how-it-sells-job-cuts-to-workers-2026)
- [How to Job Search With AI After a Layoff](https://www.metaintro.com/blog/job-search-with-ai-after-a-layoff)

## People Also Asked

### Q: How many Skydance employees are being offered a buyout?

A: No number is public yet. [Eligible employees will receive individual notifications about the buyout offers](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/), each with personal terms.

### Q: When does the Skydance five-day office rule start?

A: The rule is being introduced [in phases by location](https://www.nbclosangeles.com/news/local/skydance-warner-brothers-merger-layoff/3961243/), with [ample notice before changes take effect](https://variety.com/2026/film/news/skydance-voluntary-buyouts-layoffs-5-days-per-week-in-office-policy-1236931402/).

### Q: How many Paramount employees took the last buyout?

A: [About 600 employees chose the severance option](https://au.variety.com/2025/biz/global/paramount-skydance-employees-severance-buyouts-return-to-office-29881/), Ellison told shareholders in his third-quarter 2025 letter, after Paramount announced a five-day office week.

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