TMC
09-05-2025, 07:12 PM
https://nypost.com/2025/09/04/media/paramount-to-mandate-office-return-or-option-for-buyout-ahead-of-massive-cuts-sources/
CBS News staffers are “freaking out” over a mandate Thursday from the new boss of parent company Paramount Skydance ordering all workers to return to the office five days a week ahead of an expected cost-cutting bloodbath, The Post has learned.
David Ellison, who completed the long-stalled $8.4 billion merger with the media giant last month, gave employees the option to return to their desks full-time or take a buyout, according to the memo obtained by The Post.
“People are freaking out and wondering if they’ll survive at the company until Thanksgiving,” one source close to the situation said.
“They are hoping to get a lot of attrition.”
Paramount Skydance — home to ratings-challenged CBS News, along with struggling cable channels MTV, VH1 and Nickelodeon — is looking to slash at least $2 billion from the budget, The Post exclusively reported last month.
Currently, each business unit has its own work-from-home policy.
Ellison said the “phased return-to-office” will start in January and would mandate employees to return to work in their Los Angeles and New York offices five days a week.
“I believe that in-person collaboration is absolutely vital to building and strengthening our culture and driving the success of our business,” the son of billionaire Oracle co-founder Larry Ellison wrote.
CBS News staffers are “freaking out” over a mandate Thursday from the new boss of parent company Paramount Skydance ordering all workers to return to the office five days a week ahead of an expected cost-cutting bloodbath, The Post has learned.
David Ellison, who completed the long-stalled $8.4 billion merger with the media giant last month, gave employees the option to return to their desks full-time or take a buyout, according to the memo obtained by The Post.
“People are freaking out and wondering if they’ll survive at the company until Thanksgiving,” one source close to the situation said.
“They are hoping to get a lot of attrition.”
Paramount Skydance — home to ratings-challenged CBS News, along with struggling cable channels MTV, VH1 and Nickelodeon — is looking to slash at least $2 billion from the budget, The Post exclusively reported last month.
Currently, each business unit has its own work-from-home policy.
Ellison said the “phased return-to-office” will start in January and would mandate employees to return to work in their Los Angeles and New York offices five days a week.
“I believe that in-person collaboration is absolutely vital to building and strengthening our culture and driving the success of our business,” the son of billionaire Oracle co-founder Larry Ellison wrote.