Paramount Pictures Studio Lot at 5555 Melrose avenue in Hollywood, California, June 5, 2024.
Brian van der Brug | Los Angeles Times | Getty images
David Ellison continues to put his stamp Primordial After its acquisition by Skydance.
The CEO and president told employees on Thursday that they should work in the office five days a week from January 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to carry out the transition can request a buyout from Thursday and until September 15.
“To realize what we have decided to do – and to really unlock the full potential of Paramount – we must make significant changes that position us for long -term success,” Ellison wrote to staff members. “These changes aim to build a stronger, more connected and agile organization that can reach our objectives and compete at the highest level. We have a lot to accomplish and we will quickly. We must all row in the same direction. And especially when you are dealing with a creative business like ours, which is starting to be together in person.”
This decision could help paramount to clarify the herd before the sections of imminent personnel.
Variety said last month that the company should dismiss between 2,000 and 3,000 employees as part of its post-fusion cost measures. These cuts are scheduled for early November, Variety reported.
Paramount seeks to withdraw $ 2 billion in conglomerate costs in the middle of advertising losses and industry -scale difficulties with traditional cable networks.
The first phase of Ellison’s return plan will see employees in Los Angeles and New York return to a full five -day work week during the new year.
Phase two will focus on offices outside the and New York, including international locations. A similar buyout program will be offered in 2026 for those who operate in these places.
“We recognize that this represents an important change for many, and we are committed to supporting you throughout this transition,” wrote Ellison. “We will work in close collaboration with managers to ensure you have time and flexibility to make the necessary adjustments.”