Mickey does not save himself from the cuts.
Walt Disney plans to reduce its workforce by 7,000, or 3 percent of the total, as part of a restructuring plan that aims to realize $5.5 billion in savings over the next five years.
This was announced by the managing director Bob Iger, who has recently returned to the helm of the company.
Disney is "embarking on a significant transformation" that will result in "sustained growth and profitability in our streaming businesses, positioning us to navigate global economic challenges and deliver results for shareholders," the company says.
Wall Street likes the plan, where stocks rise up to 9% in after-hours trading.
The race is also linked to a quarterly above expectations, with profit and revenues on the rise.
Revenue climbed 8% to $23.5 billion, while profit increased to $1.28 billion.
For Disney+, the quarter recorded a loss of 2.4 million subscribers out of a total of 161.8 million.
Overall, the streaming division generated $5.3 billion in revenue, up 13%.
For Iger, these are satisfactory results in the battle started by active investor Nelson Peltz, who wants a seat on the company's board of directors and is calling for a reorganization for the relaunch.