We present a systematic study of the nematic fluctuations in the iron chalcogenide superconductor Fe$_{1+y}$Te$_{1-x}$Se$_{x}$ ($0 leq x leq 0.53$) using the elastoresistivity technique. Near $x = 0$, in proximity to the double-stripe magnetic order of Fe$_{1+y}$Te, a diverging $B_{1g}$ nematic susceptibility is observed. Upon increasing $x$, despite the absence of magnetic order, the $B_{2g}$ nematic susceptibility increases and becomes dominant, closely following the strength of the $(pi, pi)$ spin fluctuations. Over a wide range of compositions ($0.17 leq x leq 0.53$), while the $B_{2g}$ nematic susceptibility follows a Curie temperature dependence (with zero Weiss temperature) at low temperatures, it shows deviations from Curie-Weiss behavior for temperatures higher than $50K$. This is the opposite of what is observed in typical iron pnictides, where Curie-Weiss deviations are seen at low temperatures. We attribute this unusual temperature dependence to a loss of coherence of the $d_{xy}$ orbital, which is supported by our theoretical calculations. Our results highlight the importance of orbital differentiation on the nematic properties of iron-based materials.
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