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Paramount's new CEO, David Ellison, has told employees they must return to the office full-time starting January 5, 2026 — or take a severance package and leave.

Ellison shared the news in a company-wide memo on Thursday, marking a major shift in Paramount's work policy following its recent $8 billion merger with Skydance Media.

The change affects staff at Paramount's Los Angeles and New York offices, with more updates to come for other locations later.

"I believe that in-person collaboration is absolutely vital to building and strengthening our culture," Ellison wrote.

He added that being physically present helps teams share ideas, solve problems, and form strong relationships.

The shift back to office work will roll out gradually, beginning with the company's Los Angeles and New York locations.

According to FoxBusiness, employees who prefer not to return on-site have until September 15, 2025, to enroll in the severance program.

This offer is available for employees at the vice president level and below.

Ellison made it clear that this change is about setting the company up for future success. "To truly unlock Paramount's full potential, we must make meaningful changes," he said. "We have a lot to accomplish and we're moving fast."

Paramount CEO Pushes Full Office Return by 2026

Ellison also acknowledged the challenge for employees who've become used to working from home.

"We recognize this represents a significant change for many, and we're committed to supporting you through this transition," Ellison wrote.

He said the company will work with managers to provide flexibility during the adjustment period.

This move comes as Paramount looks to cut $2 billion in costs. Reports indicate that the company could cut between 2,000 and 3,000 jobs by early November as it continues restructuring after the merger, CNBC said.

Ellison suggested that in 2026, Paramount employees beyond New York and Los Angeles — including staff in international offices — can expect similar return-to-office rules and buyout opportunities.

The company has faced major industry shifts and ad revenue losses in recent years. Ellison believes a return to in-person work will help Paramount stay competitive.

He also shared a personal note, saying some of his most valuable learning experiences came from being in the room — not on Zoom.