Tech consultancy giant Accenture plans to cut 19,000 jobs, or 2.5% of its workforce, and has lowered its annual revenue and profit forecasts, becoming the latest behemoth to trim expenses in the wake of dwindling global economic conditions. The job cuts, over half of which affects individuals in non-billable corporate functions, will be undertaken in […]
Accenture to cut 19,000 jobs by Manish Singh originally published on TechCrunch
Whether to invest or not lies at the intersection of the founder or management team’s mindset, ability, and motivation.
How to spot investment-worthy founders: Look for mindset, competence and confidence by Jenna Routenberg originally published on TechCrunch
Workera, an upskilling platform geared toward enterprise customers, today announced that it raised $23.5 million in a Series B round led by Jump Capital with participation from existing investors NEA, Owl Ventures, the AI Fund and Sozo Ventures. CEO Kian Katanforoosh says that the fresh capital will be put toward expanding Workera’s product offerings and […]
Workera double downs on AI for upskilling with $23.5M infusion by Kyle Wiggers originally published on TechCrunch
Relativity Space achieved a massively important milestone at just before 11:30 PM ET on Wednesday, with the first ever flight of its 3D-printed rocket technology. Its Terran 1 rocket took off from Cape Canaveral in Florida, successfully clearing the pad and launch structure, and achieving ‘Max Q’ – or the point during the launch sequence […]
Relativity Space’s first launch fails to reach orbit, but proves its 3D-printing rocket tech works by Darrell Etherington originally published on TechCrunch
The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money. The luxury fashion resale market is one of them in Asia. Kream, a reselling platform that buys, sells and trades luxury goods like handbags, clothing, accessories, said it has completed $168 million (220.6 billion won) […]
Reselling marketplace Kream’s valuation rises to $742M with $168M Series C by Kate Park originally published on TechCrunch
In emerging markets like Africa, offline retail dominates most product sales, driven by informal trade, and cash-based transactions. This makes the sourcing of data on the true market value or sizes of products a herculean task. Yet, local and international brands require data, for instance, on market size and value, consumer profiles and their purchasing […]
Rwazi to scale its market intelligence platform backed by $4 million seed funding by Annie Njanja originally published on TechCrunch
YouTube is shutting down its live social commerce app Simsim less than two years after acquiring the Indian startup but insists that it’s committed to building “a seamless shopping experience for viewers and supporting creators’ businesses.” Simsim helped small businesses in India transition to e-commerce by leveraging the rising popularity of video and creators. The […]
YouTube shutting down Indian social commerce app Simsim by Manish Singh originally published on TechCrunch
The current slowdown in e-commerce growth, and in some pockets straight declines in spend, might not seem like the most opportune time to build an e-commerce tooling startup — let alone invest in one. But a startup out of Poland with a platform for front-end developers to build composable e-commerce sites has just raised $20 […]
Vue snaps up $20M to grow its open-source based ‘frontend-as-a-service’ e-commerce toolkit and platform by Ingrid Lunden originally published on TechCrunch