Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Business
Sasha Rogelberg

600 Paramount Skydance employees quit instead of returning to the office, and it cost the company $185 million, filings show

David Ellison, in front of a purple background, puts both hands in front of himself as if measuring something. (Credit: Kyle Grillot/Bloomberg—Getty Images)

Hundreds of Paramount Skydance employees decided they’d rather find a new workplace than go back to the office five days a week.

In September, following the long-stalled $8 billion merger of the two media juggernauts, CEO David Ellison told employees in a companywide email they would be required to return to working in-person five days a week or take a buyout, part of a series of efficiency changes to “unlock Paramount’s full potential,” according to the memo, as reported by Fox News.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.