“Welcome to The Tonight Show — or, as Comcast calls us, The Expendables!” That’s how Jay Leno opened his monologue last night, just days after the show laid off 20 staffers.

All things considered, Leno seems to be taking the cuts fairly well — even though his $30 million paycheck was also slashed. “As you may have heard, our parent company has downsized The Tonight Show,” the host continued. “And we’ve consistently been number one in the ratings, and if you know anything about our network, that kind of thing is frowned upon.” Sounds like Liz Lemon may be an uncredited guest writer.

Leno went on to make cracks about the program being “taken over by Bain Capital” and waking up “with a peacock head in my bed.” It was all in good fun… provided you’re not one of the people who just lost their jobs. See Leno’s monologue for yourself below.

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