Skydance Launching Employee Buyout Program as Cost Savings Efforts Begin

Skydance is starting a voluntary employee buyout programme as it begins efforts to cut costs, with a five-day office policy also being introduced across the company. The measures mark an early step in its plan to reshape the business and pursue $6 billion in operational efficiencies.

The return-to-office policy will be phased in by location, with employees given notice before it takes effect. Eligible staff will receive individual buyout terms and time to decide whether to accept; further job cuts are expected, but company leaders say most savings should come from technology and marketing changes rather than staff reductions.