Paramount’s new CEO tells employees to return to office full-time or quit ahead of layoffs

Ellison, founder and CEO of Skydance Media, became the CEO of Paramount after completing its integration, which was set at $ 8 billion with Skydance last month. Since then, the employees of the changes in efficiency have warned, and he said in an email that the delegation of the return to the new office, which will be paid in stages starting in January 2026, will “open the full Paramount potential”, ” Fox News I mentioned.

But the state came with an inverted deadline: employees in New York or Los Angeles have until September 15th to decide whether they will represent or take a purchase. Elson said in the email that the company will announce plans for employees residing outside New York or Los Angeles in 2026.

As I said during our city hall, some of the most formation moments in my life occurred in the rooms where I was a fly on the wall, listening and learning. Fox News.

Cost reduction measures

Paramount is the latest company that ends remote policies in the Kofid era, where the authority returns to employers in the context of an increasingly anxious economic environment. Over the past year, Amazon, JPMorgan Chase and Walmart have requested employees to return to the office. Sometimes, these states were slow to stick or led to important losses, including for Walmart, which witnessed the resignation of the chief technology employee rather than moving to the headquarters of Bentonville, ARK.

The authorization of the return to the office comes where Paramount is prepared to take advantage of 2000 and 3000 employees in November now after the integration has been approved and resolved. As of December 2024, the company had 18,600 employees, diverse I mentioned.

Paramount did not respond immediately luckRequest to comment.

Paramount’s revenues for the first half of the year decreased by 3 % year on an annual basis to 14 billion dollars from 14.5 billion dollars. The company reported a slight increase in the total revenue for the second quarter, but it witnessed a 6 % decrease in the TV media sector, which includes broadcasts such as CBS and its cable networks, including Showtime and Nickelodeon. Her direct work for the consumer, which includes Paramount+, increased by 15 % on an annual basis thanks to increasing subscription and increasing prices.

After merging, Paramount sought deals to stimulate growth, especially for broadcasting services. In July, the company signed a prominent deal worth $ 1.5 billion to host the moving comedy South Park On the Central and Bramont+ comedy for five years. The company also signed a three -year deal with the legendary entertainment to market and distribute its theatrical films worldwide, starting with the new Street fighter A film for the release of next year has been appointed.

Meanwhile, executive officials have previously said that $ 2 billion of potential costs can be achieved under the joint company.

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