Witherspoon was initially booked for the lead role but was forced to drop out of the project due to scheduling conflicts, said the Hollywood Reporter.
Directed by Nancy Meyers, the film will follow a retiree, who decides to return to the work force and is forced to start as an intern.
Robert De Niro will apparently play the intern, while Hathaway is expected to portray the owner of an Internet company who assigns him.
Hathaway, 31, will be lending her voice to animated film 'Rio 2'.
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