I'm Dearderboza and you're listening to see MBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Thursday morning. Welcome to Tech Check. I'm Deerboza with Carl Quintanilla and John Fort today. Disney downsizes 7,000 employees

laid off as Iger cuts five and a half billion dollars in cost. Nelson pelts

declaring victory and an end to the proxy fight right on our air this morning.

And then speak up, Sonos shares higher after a big beat on earnings and revenue the

CEOs with us exclusively at this hour.

And later, today's tech trades, Affirm Craters Hood gets a bump and we look ahead to

PayPal tonight, John. Yeah, that's right. Disney though is where we're going to start. The

stock is up, let's see, about 2 and 3 quarters percent after results,

unveiling a restructuring plan that includes 5.5 billion

in cost cutting, part of that, 7,000 layoffs. The company beating on revenue and EPS saying it would focus on getting its streaming business to profitability by the end of next year and no longer

provide guidance on subscribers.

A big question from Wall Street this morning is the company's plans for its

stake in Hulu.

Here's what CEO Bob Eiger told R David Faber.

Hulu, by the way, is a very successful platform and I think a good consumer proposition.

But we're, everything's on the table right now.

So I'm not going to, I'm not going to speculate about whether we're a buyer or a seller of it, but I obviously have suggested that.

I'm concerned about undifferentiated general entertainment and in the

particularly in the competitive landscape that we're operating in

and we're going to look at it very objectively

so expansively

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