In Episode 11 of The Random Show, Kevin Rose and Tim Ferriss discuss internet venture news, latest ongoings in the tech world and their own personal lives. It’s really a great program, and the latest episode showcased some fascinating news. The episode is just over 34 mins. long, but you can catch Kevin’s discussion on Digg from this video link.

Kevin talks about how since he has stepped up as CEO of Digg, he’s been really excited about all of the major overhaul’s and changes to the design and interface. He mentioned being under a lot of stress, but in a good way as it’s caused him to re-live the passion of developing and innovating for Digg.

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Digg is one of my, if not the #1 favorite social news site to date. Wracking up tens of millions of pageviews monthly, Digg, Inc. is a dominant force on the web which has only seen constant and substantial growth. Keeping up with your friend’s submissions on the site can get a bit tricky, but with Sub Digger+ the whole process is made very easy.

Once at the page, all you do is plug in your Digg username and hit “enter”. The app will take a few seconds to load, as it’s contacting Digg’s API and retrieving all of your friend’s latest submissions from the past 24 hrs. After a few moments of loading, you’ll be displayed with your first story and some more details in a toolbar below.

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As we all know, Kevin Rose is the brilliant face behind the wildly popular social news site Digg.com. This past Sunday via this tweet Rose leaked a photo which shows a preview of what the new Digg may look like.

There’s actually some in-depth analysis and discussions over at TechCrunch’s post as well. It appears as though the entire home screen has gotten a re-make, showcasing more of a personal list of stories instead of the most popular for the day.

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In a blog post this morning by Kevin Rose, it appears as though Digg has cut roughly 10% of their staff. Layoffs have been made to around 12 employees, and it was difficult on the entire staff to part with many members.

Digg has done nothing but grow over the past few months, so it’s surprising to see a reduction in their team. It seems as though there are still many engineering positions open for the platform, and Digg, Inc. is actively still interested in hiring for jobs.

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When Kevin Rose resumed CEO at Digg, his first act was to remove the Diggbar from submitted stories. This was, as most of us know, just a bad idea in general and was looking at Digg too much as a business and not like the social network and community it is.

Well announced today by Keval Desai on Digg’s Blog, they will be killing the short URL service for any stories not already submitted to Digg. You will be able to still share the short URL’s from stories through Digg’s share feature, ReTweet button, etc. However the URL will lead to the Digg story page most likely, as the Digg Bar is being revoked.

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In a recent blog post entitled simply “Update from Jay“, it has been officially announced that Jay Adelson will be stepping down as Digg’s CEO after 5 prosperous and amazing years. Jay has done an amazing job as CEO, and I firmly believe Digg wouldn’t hold it’s current success status today if it wasn’t for his ideas and inspiration.

Although Jay doesn’t state any specific reasons for this choice, he does have virtue and motive to do so. As quoted FTA, “With the new Digg getting ready to launch, Digg Ads doing well, our sales force growing, our hiring ramping, and the company maturing well beyond its startup phase, I feel that now is the right time.”

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Digg has always been an extremely innovative company. Launching into the social news bit in 2004, the site has grown immensely popular with monthly pageviews in the tens of millions. Digg’s popularity has allowed for a counter-culture of internet users to become Diggers, voting on the best stories to hit the front page and sent traffic spikes to interesting and useful blogs.

Recently Digg has launched a new ad system that is surely turning heads. The ads are inline with both stories and page articles, and look strikingly similar to a regular story. Users can even digg or bury these ads, allowing poor quality advertising to sink while bringing up the more interesting ads. But how well has Digg’s new service been running, and is it making the company money?

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