India, Sept. 4 -- Conversational AI company Gupshup has carried out another round of layoffs, this time letting go of at least 100 employees, including junior developers, as per sources. The move comes barely four months after an earlier round of cutbacks in which close to 200 employees were let go.

The company, which is said to be planning an IPO in the next 12-24 months, confirmed the layoffs but declined to state the number of employees that were impacted.

Sources told Inc42 that the laid-off employees were asked to either serve a 60-day notice period or exit without any compensation or severance pay if they decline to serve the notice period.

"Over the past few years, Gupshup has invested deeply in growth and innovation. As this cy...