They definitely know that if enough Mod's jump ship then their communities will suffer heavily. I'm going to guess that we'll see quite a few quit. There will be some that stick around holding on by their fingertips to for communities based around helping others.
But most mods aren't going to be willing to put in extra free labor especially for a company that keep signalling with actions that helping them isn't a priority.
Based on the answers I'm seeing, I'm positive that this change is a result of changing for their IPO. Lots of none answers, but they also aren't backing down on the absurd pricing.
Having been a manager at a Fortune 500 and getting announcements from Executive level leadership / giving announcements to my reports, this is surprisingly the level of competence I would expect.
Unfortunate, but also a symptom of Reddit being too big for the team to handle. The outflux of users caused by this might actually -help- Reddit in terms of figuring out their revenue stream and getting better leadership.
Sad to see this happening in real time though.
Exactly. Probably going to be some rot in the communities. I wouldn't be surprised if a few months from now we see Reddit offering more incentives to be a mod in order to entice others to take up the reigns.