Automatically cancel orders after one hour in WooCommerce

automatically-cancel-orders-in-woocommerce.php

add_action( 'woocommerce_order_status_pending', 'wcwiz_cancel_failed_pending_order_event' );
  
function wcwiz_cancel_failed_pending_order_event( $order_id ) {
   if ( ! wp_next_scheduled( 'wcwiz_cancel_failed_pending_order_after_one_hour', array( $order_id ) ) ) {
      wp_schedule_single_event( time() + 3600, 'wcwiz_cancel_failed_pending_order_after_one_hour', array( $order_id ) );
   }
}
 
add_action( 'wcwiz_cancel_failed_pending_order_after_one_hour', 'wcwiz_cancel_order' );
 
function wcwiz_cancel_order( $order_id ) {
   $order = wc_get_order( $order_id );
   wp_clear_scheduled_hook( 'wcwiz_cancel_failed_pending_order_after_one_hour', array( $order_id ) );
   if ( $order->has_status( array( 'pending' ) ) ) { 
      $order->update_status( 'cancelled', 'Pending order cancelled after 1 hour' );
   }
}