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Hi there, and welcome to your Thursday — aka, the day the TikTok CEO went in entrance of Congress. Our staff has been working laborious all day to maintain up with the whole lot happening there, and you’ll learn the fruits of their labor within the Huge Tech part. Now, on with the information! — Christine and Haje
The TechCrunch High 3
- Extra layoffs: The layoffs affecting the expertise trade at the moment are making their method to the businesses that service them. Accenture introduced at this time that it’ll reduce 19,000 jobs, Manish studies. That represents about 2.5% of its world workforce, however an eye-opening determine nonetheless.
- Do Kwon in custody: It seems to be like legislation enforcement caught up with Terra creator Do Kwon, who was reportedly arrested on the Montenegro airport, Jacquelyn writes. You may recall that Kwon has been below 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 legislation enforcement, Kwon’s whereabouts have been unknown since September.
- An excuse to not go to the mall: DoorDash customers can now order from Lush Cosmetics, Victoria’s Secret and Celebration Metropolis. The supply large additionally added some new procuring options, like search optimization. Aisha has extra.
Startups and VC
At first look, Boston Dynamics is a wierd 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 Huge Canine to parkour-performing Atlas. However a current strategy has discovered it going through considered one of its largest challenges up to now: placing its robots to work within the type of commercialization.
Lun, a local weather tech startup out of Denmark, is on a mission to assist heat-pump installers decarbonize properties and quick, Natasha L studies, 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 buyers clarify how their funding technique has modified since 2021
Picture Credit: mtreasure (opens in a brand new window) / Getty Photographs
For our newest survey, TechCrunch reporter Jagmeet Singh requested 4 Indian buyers about how their work has modified because the 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+ staff at this time as nicely:
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You possibly can join right here. Use code “DC” for a 15% low cost on an annual subscription!
Huge Tech Inc.
The large information for at this time was clearly TikTok, and our colleagues had been plugging away at the whole lot from the Congressional listening to to who advantages if a U.S. ban occurs. Discover out any new developments right here.
And now right here’s six non-TikTok tales for you:
