The Paramount Pictures studio lot in Los Angeles, now part of Skydance

Skydance, the company formed by Paramount’s $110bn takeover of Warner Bros. Discovery, is offering some employees voluntary buyouts as it looks to cut costs.

Co-chief executives David Ellison and Ynon Kreiz announced the programme in a memo to staff on Monday, The Hollywood Reporter reported.

The memo did not say which roles are eligible. Eligible staff will receive a personal offer setting out their terms and will have a set period to decide.

The memo described it as a one-time offer. Skydance has not said how many employees qualify or how much it will pay.

“As we bring our teams together, we recognize that not everyone will see their future here, and we respect that,” Ellison and Kreiz wrote.

At the same time, Skydance will require staff across the whole company to work from the office five days a week.…