In one of his first notes at the company level, the CEO of Paramount David Elison demanded that one of his first notes at the company level to return to the office a week or find a new job.
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 a non-imitated deadline: New York-or Los Angeles-until September 15th to determine whether they would represent or take a purchase. Ellison 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. EnlargementHe wrote, according to Fox News.
Cost reduction measures
Paramount is the latest company that ends a remote work policies in the era of Covid, where the authority returns to employers in a context An increasingly worrying economic environment. During the past year, Amazonand Jpmorgan ChaseAnd Wal Mart Tell all employees to return to the office. Sometimes, these states were slow to stick or led to important losses, including for Walmart, which has witnessed technology officials at SAM’s Club to resign Instead of moving to the headquarters of Bentonville, Ark.
Return to the office comes as prominent It is said Prepare to benefit from 2000 and 3000 employees in November now after the merger and resolving process were approved. 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 was slightly reported to rise In the total revenue for the second quarter, but witnessed a 6 % decrease in the TV media sector, which includes broadcasts such as CBS and 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 $ 1.5 billion a farare deal To host the animated comedy South Park On the Central and Bramont+ comedy for five years. The company also signed a three -year deal with Legendary To market and distribute her theatrical films worldwide, starting from the new Street fighter A film for the release of next year has been appointed.
At the same time, the executive officials said in the past 2 billion dollars in potential cost discounts It can be achieved under the company combined.
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