Yellow.ai Lays Off 100+ Employees Amid Automation Push

Yellow.ai, a company that helps businesses with chatbots and AI, recently let go of more than 100 employees.

This is about 30% of their workforce.

They also stopped giving raises and promotions for the past two years.

The company said they had to do this because they are moving to a new kind of AI that needs different skills.

They have been doing well in places like North America, but their revenue in India went down a little.

They also had some issues with money rules but said they are fixing them.

This isn't the first time they've laid off people this year; they did it in August too.

Other companies in the same business, like Gupshup, have also laid off people recently.