PRNEWSWIRE — Kid You Not, Inc. LLC (Nasdaq -30) announced Wednesday, April 1, the firm has engaged a downsizing stragety designed to move the company forward in a difficult economic climate.
“Kid You Not will be a more focused and stronger company with this move,” Chief Financial Officer Mike Foley said.
The four-person company will be strategically reduced to a three-person working unit. Foley said the company will now be able engage the market earlier, thanks to fewer disputes over underwear in the wrong employee’s drawer and misplaced information transportation devices.
The companies two top employees, including Foley, have received performance and retention bonuses that involve an earlier bedtime for the younger worker and more private time for senior employees. Job counseling services have been made available to the impacted employee, such as where to charge the DS and where to file for play date benefits.