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Hello, and welcome to your Thursday — aka, the day the TikTok CEO went in front of Congress. Our team has been working hard all day to keep up with everything going on there, and you can read the fruits of their labor in the Big Tech section. Now, on with the news! — Christine and Haje

The TechCrunch Top 3

  • More layoffs: The layoffs affecting the technology industry are now making their way to the companies that service them. Accenture announced today that it will cut 19,000 jobs, Manish reports. That represents about 2.5% of its global workforce, but an eye-opening figure nonetheless.
  • Do Kwon in custody: It looks like law enforcement caught up with Terra creator Do Kwon, who was reportedly arrested at the Montenegro airport, Jacquelyn writes. You might recall that Kwon has been under investigation in South Korea following the Terra/LUNA collapse, which wiped out about $40 billion from the cryptocurrency market. Despite saying he was…

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