Tuesday, June 6, 2023

The 2016-founded firm Yellow.ai reportedly laid off staff in four stages, with the first occurring in August 2022.

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Yellow.ai had intended to extend its workforce to over 1,000 by the end of 2022.

The company has raised more than $102 million in total capital, with the most recent round totaling $78.15 million in August 2021.

Yellow.ai, a conversational AI firm, has joined the growing list of companies laying off employees. Recent reports indicate that the business has fired at least 50 employees. Since August, the business has terminated at least 200 employees due to poor development and an overstaffed workforce. According to its LinkedIn site, the San Mateo-based start-up has 1,063 workers. YourStory said that the layoffs occurred in four phases at the startup, with the first round occurring in August 2022.

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