Skydance, as it begins integrating Paramount and Warner Bros. Discovery, is offering voluntary buyouts to some employees and imposing a five-day-a-week office requirement. Layoffs are also expected as the company targets more than $6 billion in annualized cost savings within three years. Variety reports: The new program was outlined by chairman and CEO David Ellison and co-CEO Ynon Kreiz in a memo to staffers Monday. "As we bring our teams together, we recognize that not everyone will see their future here, and we respect that. To give eligible employees the option to move on in a way that works for them, we are introducing a Voluntary Buyout (VBO) Program," the execs wrote. "Those who qualify will receive an individual communication with their personalized details and terms, and a window to decide whether to accept this one-time offer." They added, "Please know we don't take any of this lightly. 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. We have the talent, the creative firepower and the ambition to do it, and we will get there together." [...] In the Oct. 26 memo, Ellison and Kreiz also said the new Skydance is moving to a mandatory five-days-per-week in-office policy across the company. "We believe in-person collaboration is vital to our culture and to the success of our business. Especially in a creative company like ours, the best ideas come from people in the same room, sharing perspectives, challenging one another and solving problems," the execs said. "We truly believe this is in the best interest of our company and our people. We've seen the benefits firsthand at Paramount, and we want every part of Skydance to share in them."

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Anthropic has filed to go public on the Nasdaq under the ticker ANT, setting the stage for a potentially record-setting IPO that could value the Claude developer at more than $2 trillion. Alongside the extraordinary cost of its AI expansion, Anthropic warned that it "may not generate sufficient revenue to achieve or sustain profitability in the future." "While we have experienced significant revenue growth in recent periods, our business is highly capital intensive," the company said. "Our revenue growth may not be sustainable, and our rate of growth may decrease." NBC News reports: The filing did not include a potential share price, the number of shares to be offered or a valuation for the whole company, all of which will be determined after Anthropic holds a "road show" with investors, prospective investors and its bankers. [...] The company plans to spend at least $110 billion with Amazon for cloud services through April 2036 and another $120 billion with SpaceX through 2029. Anthropic also said it planned to spend $115 billion with Google and $45 billion with Microsoft, both through 2033, for computing infrastructure. The filing said that the company recorded revenue growth of "1,368% year over year for the three months ended June 30, 2026." The cost of renting servers and chips grew by 300% over the same period. Anthropic's net loss for the first six months of 2026 was $80.7 billion. For the entirety of 2025, the company reported a $42 billion net loss. Anthropic added that it expects its current cash and sales to be sufficient for the next 12 months but warned that future revenue growth depends on a number of important factors, including the cost of infrastructure. As a result, it said, "we may be required to seek additional financing sooner than we currently anticipate." The company said it has raised about $141 billion of capital through the end of June and is sitting on $112.4 billion of cash.

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Reuters reports: Last week, Getty announced plans to file for bankruptcy, marking a major reset after its planned merger with rival Shutterstock collapsed under the weight of heavy debt and growing competition from AI-generated imagery. Getty said the affiliates of the Getty family and Koch Equity Development, which committed to provide up to $533 million in new equity, will own 100% of the company after the restructuring It's hard to compete against things like the DALL-E image generator. Long-time Slashdot reader schwit1 quips that maybe "It's hard to compete against things like the DALL-E image generator..."

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