function wc_cancel_unpaid_orders() {
	$held_duration = get_option( 'woocommerce_hold_stock_minutes' );

	if ( $held_duration < 1 || 'yes' !== get_option( 'woocommerce_manage_stock' ) ) {
		return;
	}

	$data_store    = WC_Data_Store::load( 'order' );
	$unpaid_orders = $data_store->get_unpaid_orders( strtotime( '-' . absint( $held_duration ) . ' MINUTES', current_time( 'timestamp' ) ) );

	if ( $unpaid_orders ) {
		foreach ( $unpaid_orders as $unpaid_order ) {
			$order = wc_get_order( $unpaid_order );

			if ( apply_filters( 'woocommerce_cancel_unpaid_order', 'checkout' === $order->get_created_via(), $order ) ) {
				$order->update_status( 'cancelled', __( 'Unpaid order cancelled - time limit reached.', 'woocommerce' ) );
			}
		}
	}
	wp_clear_scheduled_hook( 'woocommerce_cancel_unpaid_orders' );
	wp_schedule_single_event( time() + ( absint( $held_duration ) * 60 ), 'woocommerce_cancel_unpaid_orders' );
}