Well, it's been a rough week over at Khoros. The Austin-based social media software company, which has been a fixture in the local tech community for years, is letting people go following word that the company is being acquired. Not exactly the kind of announcement employees were hoping to hear alongside a buyout deal.
Word spread fast in the Austin tech circles — layoffs and acquisition news landing at the same time is never a great combo, and folks around town are taking notice. Khoros, which builds customer engagement and community management platforms, has had its share of ups and downs since it was formed back in 2019 from the merger of Spredfast and Lithium Technologies.
Details on exactly how many positions are being cut are still a bit murky, but the Austin Business Journal confirmed the layoffs are happening in the wake of the acquisition announcement. No word yet on who's picking up the company or what the deal looks like on paper.
For the Austin tech scene, which has already weathered a wave of layoffs across the industry over the past couple of years, this is just another reminder that even established local players aren't immune to the turbulence. If you know someone over at Khoros, now might be a good time to check in — and keep an eye on the Austin job boards, because talent is about to hit the market.
We'll keep watching this one as more details come out about who's buying and what the road ahead looks like for the company and its remaining team.