Paramount Skydance Corporation released its first shareholder quarterly briefing since the merger on November 10th, revealing that approximately 600 employees have opted for voluntary resignation due to the upcoming return to office plan set to be implemented in January next year.
On Monday, November 10th, Paramount Skydance Corporation published the third-quarter shareholder briefing for 2025, outlining the company’s commitment to enhancing overall efficiency, streamlining operations, including the phased “Return to Office Plan.” The “Return to Office Plan” is scheduled to commence in January 2026, but hundreds of employees have already chosen to resign voluntarily as a result.
According to the briefing, the “Return to Office Plan” is aimed at “further unleashing Paramount’s full potential.” Under this plan, employees will eventually transition to working full-time in the office five days a week. The briefing stated: “In the initial phase, employees below the level of vice president in the Los Angeles and New York offices who are unable or unwilling to return to the office full-time can opt for a voluntary severance package, and approximately 600 employees have chosen this option.”
Paramount Skydance Corporation completed the merger process on August 7th this year. The briefing segmented the third-quarter revenues into pre-merger and post-merger categories with August 7th as the dividing line. The predecessor of Paramount Skydance Corporation, Paramount Global (PSRA), was delisted from Nasdaq on August 7th and replaced by Paramount Skydance Corp (PSKY). The Federal Communications Commission (FCC) approved the $8 billion merger between Paramount Universal and Skydance Media on July 24th this year, paving the way for this media transaction spanning broadcasting, film, and cable television.
In addition to approximately 600 voluntary resignations, the third-quarter briefing also mentioned that Paramount Skydance Corporation implemented a “significant workforce optimization measure” at the end of October, affecting around 1,000 employees internally, with about a quarter of senior vice presidents and higher-level executives impacted by this workforce optimization.
The briefing stated, “By optimizing the leadership and overall talent structure, we can now more effectively align resources with strategic priorities and boldly invest in the most promising areas for the long term.” “While these decisions have been difficult, they are necessary. We express our deep gratitude to the significantly affected employees for their contributions.”
The third-quarter briefing of Paramount Skydance Corporation also revealed the total revenue plan for 2026, targeting $30 billion. The CEO of Paramount Skydance Corporation is David Ellison, the son of Skydance founder and technology billionaire Larry Ellison.
In a CEO message released by David Ellison on August 7th, the corporate vision of Paramount Skydance Corporation was outlined. The last point of the corporate vision is: to establish an owner-operator culture with incentives, driving bold and strategic decisions while clearly focusing on long-term value.