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Notarize signs off on 25% staff reduction, admits challenging fundraising environment

TechCrunch LogoTechCrunch1w ago

Notarize signs off on 25% staff reduction, admits challenging fundraising environment

Quick Summary

Notarize, a startup that offers remote online notarization services, has let go of 110 people — or 25% of its workforce.

Doing the math, the 7-year-old, Boston-based company had about 440 employees before the staff reduction.

Our regulatory victories and partnerships have put the company in a fundamentally different position over the past two years, and our strategy must evolve.


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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Startups

Topics: Layoffs Startups Personnel Venture capital Notarize TC Boston Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-16, 21:59:35

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 3 minutes read

Article Length: 451 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 404

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Last Updated: 1d ago

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