Notarize, a Boston-based technology company that offers a remote online notarization product, laid off 25 percent of its employees on Wednesday.

Pat Kinsel, Notarize’s founder and CEO, said on Twitter yesterday that he had made the decision to reduce staff, noting that he had decided to put the company on a path to profitability with its current capital “so we can provide our service in perpetuity.”

“It’s hard to reconcile that we’re both growing AND shrinking, but it is the right decision,” Kinsel said in a Twitter thread.

A spokesperson for Notarize said 110 employees were laid off. While based in Boston, Notarize calls itself a “remote-first company” and has employees who work across the U.S., according to the company’s LinkedIn profile.

Notarize’s investors include Wells Fargo and Citi, as well as the multi-bank alliance, Canapi Ventures.

“I take very seriously the commitments we’ve made to regulators, legislators, & industries who changed laws and policies to unlock the digital future we’re creating,” Kinsel said. He added: “And I feel an obligation to the [thousands] of notaries making a living on our platform. For all of them, we provide a critical service.”

Kinsel said that the layoffs represented a significant sharpening of the company’s focus.

“Notarize is uniquely fortunate to have exceptional partners, and we’re shifting how we sell and activate customers to align with the new opportunities this distribution represents,” he said.

Kinsel said he would make a list of the affected employees available soon to help as they search for new jobs.