Skydance Offers Buyouts and Office Mandate
Following its massive Warner Bros acquisition, Skydance offers voluntary employee buyouts and mandates a five-day in-office policy. The merged media firm faces significant debt and upcoming earnings.
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PARAMOUNT SKYDANCE CL B is offering voluntary buyouts to reduce costs following its acquisition of WARNER BROS DISCOVERY INC and its $80B debt load. The company's shares have fallen by about a third this year. Management faces pressure to expand streaming and preserve cable cash flow.
