Company Incurs 185 Million Loss as 600 Employees Opt Against 5-Day Office Return

Around 600 employees at Paramount Skydance resigned when the company required them to return to the office five days a week. In response, CEO David Ellison offered a buyout, which was accepted by the employees. According to company filings reported by Fortune magazine, this decision cost the company approximately $185 million.

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After the $8 billion merger of Paramount and Skydance Media in August 2025, CEO David Ellison took charge and told remote workers they must return to the office full-time or accept a severance package. In a memo obtained by Fox News Digital, Ellison emphasized the importance of in-person collaboration for strengthening company culture and driving success. He shared that some of his most formative moments came from face-to-face interactions, which he believes Zoom cannot replicate. According to Ellison, being together in-person fosters innovation, problem-solving, and stronger team relationships.

600 Employees Quit Paramount Costing Company

Around 600 employees at Paramount’s Los Angeles and New York offices, including those at the vice-president level and below, chose to accept the buyout offer, according to company filings from Monday. The severance packages cost Paramount $185 million. The filings cited restructuring costs aimed at aligning the business with its strategic priorities. In a shareholder letter released ahead of its earnings presentation, Paramount projected $1.7 billion in restructuring expenses.

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