Hey, @jlordc.
Well, thanks to the Ned's livestream, we now no a little more about what happened, who's still around and at least a decent idea of where Steemit is headed, and for the most part, it looks like where they've been headed—working on the blockchain, not working on their UI.
So, who knows what those 70% were doing. Ned did say that the same core blockchain engineers that were there two weeks ago are still there now.
So, we'll see. I agree, though, it's definitely disconcerting. I guess we'll see more of what's happening in the coming days and weeks. Always waiting to see when the next shoe is going to drop.