By: Trends DeskNew Delhi | November 13, 2025 10:45 AM IST 2 min readParamount aims to slash an additional $1 billion in costs and increase efficiency through AI-powered tools (Representative image created on Canva)Around 600 Paramount Skydance employees have resigned following a new return-to-office (RTO) mandate from CEO David Ellison, according to Fortune Magazine. Most of those who quit, based in Los Angeles and New York, opted for buyout packages rather than comply with a full-time, five-day office schedule.The order came shortly after the $8 billion merger between Paramount and Skydance Media. Ellison, son of Oracle founder Larry Ellison, defended the move as part of his vision to “unlock Paramount’s full potential” and revive its creative, collaborative culture.“Some of the most formative moments of my life happened in rooms where I was a fly on the wall, listening and learning. I’ve never seen that happen on Zoom,” Ellison wrote in a company-wide memo, as reported by Fox News.Regulatory filings show that the wave of resignations cost Paramount roughly $185 million in severance payouts. The company also expects about $1.7 billion in restructuring expenses tied to further layoffs, and plans to divest some of its international operations.Ellison stressed that in-person collaboration remains key to Paramount’s future success.Also Read | Employee opens up about company’s toxic work culture: ‘Team lead expects me to reply at 2.45 am after 14-hour duty’“I believe that in-person collaboration is absolutely vital to building and strengthening our culture and driving the success of our business,” he said. “Our people are the key to winning, and being together helps us innovate, solve problems, share ideas, create, challenge one another, and build relationships that will make this company great.”NBCUniversal recently announced a similar policy, requiring staff to return to the office four days a week by 2026.Story continues below this adMeanwhile, Paramount aims to cut an additional $1 billion in costs and improve efficiency through AI-powered tools, the report added.© IE Online Media Services Pvt LtdTags:social media virals