Daily Crunch: In SEC filing, Accenture reveals plans to lay off 19,000 workers over next 18 months
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Hello, and welcome to your Thursday — aka, the day the CEO of TikTok appeared before Congress. Our team has been working hard all day to keep up with everything that’s going on there, and you can read the fruits of their labor in the Big Tech section. Now, on to the news! — Christina And haje
TechCrunch’s top 3
- More layoffs: Layoffs affecting the tech industry are now heading to the companies that serve them. Accenture today announced the loss of 19,000 jobs, pot holder reports. That’s about 2.5% of its global workforce, but a telling figure nonetheless.
- Do Kwon in custody: It looks like law enforcement caught up with Terra creator Do Kwon, who was reportedly arrested at the airport in Montenegro, Jacqueline writing. You may recall that Kwon was investigated in South Korea following the Terra/LUNA collapse, which wiped out an estimated $40 billion from the cryptocurrency market. Although he said he was cooperating with law enforcement, Kwon’s whereabouts have been unknown since September.
- An excuse not to go to the mall: DoorDash users can now order from Lush Cosmetics, Victoria’s Secret and Party City. The delivery giant has also added new shopping features, like search optimization. Aisha see you.
Startups and VCs
At first glance, Boston Dynamics is an odd fit for a show like ProMat, brian writing. For decades the company has presented a flashy image to the world – a company well known for robotic highlight reels, from the Big Dog traversing snow to the parkour-performing Atlas. But a recent move has him facing one of his biggest challenges yet: putting his robots to work in the form of marketing.
Lun, a Danish climate tech start-up, is on a mission to help heat pump installers decarbonise homes and quickly, Natasha L reports, starting with heating systems and replacing boilers with electric heat pumps.
Robots, heat pumps and five other tech news, oh my:
4 Indian investors explain how their investment strategy has changed since 2021
For our latest investigation, TechCrunch reporter Jagmeet Singh interviewed four Indian investors about how their work has changed since the onset of the global tech crisis.
Venture capital funding in the region “dried up in the second half of 2022,” so he asked about their current pace of trading, the investment trends they watch, and how founders can reach them:
- GV Ravishankar, Managing Director, Sequoia India
- Ashutosh Sharma, India Investment Manager, Prosus Ventures
- Vaibhav Domkundwar, CEO and Founder, Better Capital
- Roopan Aulakh, Managing Director, Pi Ventures
Aaaand of course there are three more from the TC+ team today:
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Big Tech inc.
The big news today was obviously TikTok, and our colleagues were handling everything from the congressional hearing to who would benefit if a US ban happens. Discover all the new developments here.
And now, here are six non-TikTok stories for you:
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