Boston, Massachusetts-based Notarize, a technology company proving online notarization services, has announced a 25% reduction in force.
The reduction in force will impact 110 workers, including management and team members.
Notarize CEO Pat Kinsel, released a statement noting, "I’m sad to share that Notarize let go of approximately 25% of our team today. We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own - they are truly the best of the best. I will forever be grateful for the chance to work with them."
"Notarize’s focus is shifting to growing revenue by unlocking transactions through our existing customer and partner base, where our previous focus had been heavily directed on customer and partner acquisition. Our regulatory victories and partnerships have put the company in a fundamentally different position over the past two years, and our strategy must evolve. We can no longer delay in addressing these issues. The company has made the decision to eliminate a significant number of roles across the organization to realign resources against critical goals."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?