Its no different than the process by which carbon breaks down in your
compost pile, much of that carbon gases-off, while a smaller percentage of bio-mass is left that remains somewhat stable.
Soil carbon, when exposed to a significant bump in oxygen, decomposes via microbial activity eating that carbon. When you turn your compost pile, the microbes "bloom" and rapidly multiply, eating available food sources. When you turn your soil, the exact same thing happens.
"The rule of no realm is mine. But all worthy things that are in peril as the world now stands, these are my care. And for my part, I shall not wholly fail in my task if anything that passes through this night can still grow fairer or bear fruit and flower again in days to come. For I too am a steward. Did you not know?" Gandolf