David Karp, Tumblr CEO:

What we’ve accomplished with Storyboard has run its course for now, and our editorial team will be closing up shop and moving on. I want to personally thank them for their great work. And please join us in wishing them well.

Storyboard was well-regarded. It’s a shame to see them put an end to it. And, you know, what the world needs right now is definitely more out of work editorial people.

Also, “we’re so happy with what they did that we shitcanned them all” seems like the sleaziest corporate doublespeak imaginable.