Accenture to Lay Off 19K Workers in 18 Months, SEC Filing Shows – Daily Crunch

Subscribe to TechCrunch’s daily newsletter to receive the biggest and most important tech stories in your inbox every day at 3 p.m. PDT. In today’s news, the TikTok CEO appeared before Congress, and our team has been covering the developments throughout the day in the Big Tech section. Here are the top three stories from TechCrunch:

1. Accenture announced that it will cut 19,000 jobs, which represents about 2.5% of its global workforce. The layoffs are now affecting companies that service the technology industry.

2. Terra creator Do Kwon was reportedly arrested at the Montenegro airport. Kwon has been under investigation in South Korea following the Terra/LUNA collapse, which wiped out about $40 billion from the cryptocurrency market.

3. DoorDash users can now order from Lush Cosmetics, Victoria’s Secret, and Party City. The delivery giant has also added new shopping features, such as search optimization.

In startups and VC news, Boston Dynamics is facing one of its biggest challenges to date: commercializing its robots. Lun, a climate tech startup out of Denmark, is on a mission to help heat-pump installers decarbonize homes and fast.

Additionally, TechCrunch reporter Jagmeet Singh asked four Indian investors about how their investment strategy has changed since the global tech downturn began. Venture capital funding in the region “dried up in the second half of 2022,” so he inquired about their current pace of dealmaking, which investment trends they’re watching, and how founders can reach them.

For TechCrunch+ members, we have six non-TikTok stories for you today.