You're right about the immediate impact. A layoff implies structural difficulties or cyclical, such is the case as the crypto market cap is low but Steemit still has cash in the bank. Firing implies a scandal or poor performance which isn't the case. I just don't want anyone to be confused. Steem is a solid blockchain, the price is down but there are no scandals. Wording is very important, I feel sorry for people who are laid off, I don't have sympathy for those who are fired. Will continue to invest time, effort and money here as laying off staff is fiscally prudent and improves the chances of long-term success