This week on TechCrunch: Layoffs, movie memes, PlayD’oh and Mike Arrington – the hardest working man in technology

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Tumblr Shares Stats: 20 Million Uniques, 420 Million Impressions Per Month

As any industry analyst will tell you, since its two journalists were returned from North Korea, Current.tv has been woefully overstaffed. The company simply doesn’t require that many employees to edit YouTube clips for its audience of jobless hipster doucheballs who have fallen asleep in front of the television.

And so it wasn’t entirely surprising this week when TechCrunch reported on a ‘bloodbath‘ at the company, with 80 people being laid-off across all departments.

Current’s COO Joanna Drake Earl (who is herself three separate people) insisted to Leena that the layoffs aren’t a ‘cost-cutting measure’ but rather a ‘shift in programming strategy’. In most other companies, this would be classic corporate bullshit, but in Current’s case Joanna, Drake and Earl might actually have a point. After all, by creating 80 new unemployed people – unemployed people who actually know what Current is – they’ve just doubled the target audience for their programming. How’s that for a convenient truth?

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