Story perspectives

Skydance Orders Five-Day Office Return, Offers Voluntary Buyout

By Drooid · Oct 27, 2026, 2:44 AM UTC · How we work

Summary

Story summary

Skydance co-CEOs David Ellison and Ynon Kreiz mandated a five-day-a-week office return.
The company offered eligible staff a voluntary buyout of two weeks’ pay per year of service.
Employees must decide on the buyout by 11 p.m. ET on November 8.
Skydance aims to save at least $6 billion annually within three years.
Skydance carries roughly $82.5 billion in debt after its $110-$111 billion merger closed on Oct. 6.

History

Historical Context

Facing $30.9 billion losses in 2008, General Motors sought a $50 billion Treasury rescue and filed Chapter 11 on June 1 2009, shedding about 20,000 jobs and dropping several brands. The auto-industry crisis that gave the U.S. government roughly 60 % of the new GM mirrors today’s corporate push, such as Skydance’s co-CEOs demanding a five-day office schedule to cut costs.

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Story summary

Skydance co-CEOs David Ellison and Ynon Kreiz mandated a five-day-a-week office return.
The company offered eligible staff a voluntary buyout of two weeks’ pay per year of service.
Employees must decide on the buyout by 11 p.m. ET on November 8.
Skydance aims to save at least $6 billion annually within three years.
Skydance carries roughly $82.5 billion in debt after its $110-$111 billion merger closed on Oct. 6.

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