Skydance introduces voluntary buyouts, plans five-day office week

In an Oct. 26 memo reproduced by Variety, Skydance executives David Ellison and Ynon Kreiz introduced a one-time buyout program for eligible employees and a five-day office policy to be phased in by location. Those who qualify will receive personalized terms and time to decide. Variety reports the moves come amid expected layoffs, but Skydance had not disclosed the extent of the planned cuts.