Day by day Crunch: In SEC submitting, Accenture reveals plans to dismiss 19,000 employees over the subsequent 18 months

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Hi there, and welcome to your Thursday — aka, the day the TikTok CEO went in entrance of Congress. Our group has been working exhausting all day to maintain up with every part occurring there, and you may learn the fruits of their labor within the Large Tech part. Now, on with the information! — Christine and Haje

The TechCrunch High 3

• More layoffs: The layoffs affecting the know-how trade at the moment are making their approach to the businesses that service them. Accenture introduced at present that it’ll lower 19,000 jobs, Manish experiences. That represents about 2.5% of its world workforce, however an eye-opening determine nonetheless.
• Do Kwon in custody: It appears to be like like regulation enforcement caught up with Terra creator Do Kwon, who was reportedly arrested on the Montenegro airport, Jacquelyn writes. You would possibly recall that Kwon has been beneath investigation in South Korea following the Terra/LUNA collapse, which worn out about $40 billion from the cryptocurrency market. Regardless of saying he was cooperating with regulation enforcement, Kwon’s whereabouts have been unknown since September.
• An excuse not to go to the mall: DoorDash customers can now order from Lush Cosmetics, Victoria’s Secret and Get together Metropolis. The supply big additionally added some new procuring options, like search optimization. Aisha has extra.

Startups and VC

At first look, Boston Dynamics is an odd match for a present like ProMat, Brian writes. For many years, the agency has offered a flashy picture to the world — an organization well-known for robotic spotlight reels, from the snow-traversing Large Canine to parkour-performing Atlas. However a current method has discovered it dealing with one in all its largest challenges to this point: putting its robots to work within the type of commercialization.

Lun, a local weather tech startup out of Denmark, is on a mission to help heat-pump installers decarbonize homes and quick, Natasha L experiences, beginning with heating programs and swapping out boilers for electrical warmth pumps.

Robots, warmth pumps and 5 extra tech information tales, oh my:

4 Indian traders clarify how their funding technique has modified since 2021

For our newest survey, TechCrunch reporter Jagmeet Singh requested 4 Indian traders about how their work has modified for the reason that world tech downturn started.

Enterprise capital funding within the area “dried up within the second half of 2022,” so he inquired about their present tempo of dealmaking, which funding developments they’re watching and the way founders can attain them:

• GV Ravishankar, managing director, Sequoia India
• Ashutosh Sharma, head of India investments, Prosus Ventures
• Vaibhav Domkundwar, CEO and founder, Higher Capital
• Roopan Aulakh, managing director, Pi Ventures

Aaaand in fact there’s three extra from the TC+ group at present as properly:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can sign up here. Use code “DC” for a 15% low cost on an annual subscription!

Large Tech Inc.

The massive information for at present was clearly TikTok, and our colleagues had been plugging away at every part from the Congressional listening to to who advantages if a U.S. ban occurs. Find out any new developments here.

And now right here’s six non-TikTok tales for you: