Skydance is launching an employee buyout program, with David Ellison and Ynon Kreiz kick-starting what is widely expected to be the first of many cost-savings efforts in a memo to staff Monday.

The memo begins by announcing a mandatory, five days per week return to office plan, effectively aligning Warner Bros. Discovery with what Paramount had already been doing. The new policy will roll out on a location by location basis.

It goes on to note that for employees who may not want to proceed with that shift, the company will launch a voluntary buyout program, with everyone who applies getting personalized terms.

“Please know we don’t take any of this lightly,” Ellison and Kreiz wrote in the memo. “We are clear about what we’re building: a company that tells the stories people around the world love, embraces new ways to connect with audiences, and leads the next era of media and entertainment.…