Conversational AI Startup Yellow.ai Joins Layoffs Spree, Fires 15% Employees

Conversational AI Startup Yellow.ai Joins Layoffs Spree, Fires 15% Employees

SUMMARY

The startup, founded in 2016, reportedly fired employees across two rounds of layoffs, with the first one in August 2022

Yellow.ai had been planning to increase its employee base to more than 1,000 by the end of 2022

The startup has raised more than $102 Mn across funding rounds so far, with the latest round worth $78.15 Mn in August 2021

Conversational AI startup Yellow.ai has joined the growing list of startups doing layoffs, having fired 15% of its workforce over the past six months.

A Yellow.ai spokesperson confirmed the development with Inc42, stating that the startup laid off employees and carried out restructuring between November 2022 and January 2023. The San Mateo, US-based startup has 1,063 employees, according to its LinkedIn profile.

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