Adam22 announces layoffs, closing his Melrose store, and selling a warehouse to cut costs. He says he's not $2 million in debt and has never filed for bankruptcy, unlike T-Rail, and cites DJ Vlad as a cautionary example of keeping overhead too high.
Last few months, we laid off multiple employees in an attempt to reduce our expenses as much as possible. We closed down our store on Melrose, and we're in the early stages of selling our current warehouse and moving into a smaller space. To be honest, aside from the layoffs, which sucked, I'm pretty happy about a lot of these changes. I've realized that I should have paid more attention to DJ Vlad and kept my overhead as low as possible, particularly in terms of staff and location. I'm confident that once we get the building sold, we'll be in a pretty solid financial position again as a business. Oh, and I also just want to note that I am talking about No Jumper as a business. I've got another business in the form of Plug Talk, and I've got a pretty decent investment portfolio on a personal level. I mean, I'm not $2 million in debt, and I never had to file for bankruptcy like T-Rail.
We felt like he was throwing shots at us bankruptcy people.
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