Conversational AI startup Yellow.ai fired at least 200 employees

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Conversational AI startup Yellow.ai joined the growing list of startups issuing pink slips to employees. According to reports, the startup recently fired at least 50 employees. Because of slow growth and a bloated workforce, the startup has fired at least 200 employees since August.

According to its LinkedIn profile, the San Mateo, California-based startup employs 1,063 people. According to YourStory, the layoffs occurred over four rounds at the startup, with the first round taking place in August 2022. According to the publication, the startup fired the employees due to non-performance and business optimization goals. According to the report, Yellow.ai forced the employees to sign non-disclosure agreements (NDAs), which prohibited them from speaking to the media about the company’s layoffs.

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Conversational AI startup Yellow.ai fired at least 200 employees

Conversational AI startup Yellow.ai joined the growing list of startups issuing pink slips to employees. According to reports, the startup recently fired at least 50 employees. Because of slow growth and a bloated workforce, the startup has fired at least 200 employees since August.

According to its LinkedIn profile, the San Mateo, California-based startup employs 1,063 people. According to YourStory, the layoffs occurred over four rounds at the startup, with the first round taking place in August 2022. According to the publication, the startup fired the employees due to non-performance and business optimization goals. According to the report, Yellow.ai forced the employees to sign non-disclosure agreements (NDAs), which prohibited them from speaking to the media about the company’s layoffs.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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