Admit they dropped the ball when it came to decision making and let employees know they are taking care of their cash cow (power users, content creators, and mods).
the real cash cow is the content. with an IPO looming, the only concern is how best to monitize all of the free work that has been done for them over the years. that is all. whatever "community" BS that has been fed from corporate to the userbase(*) has been laid bare as a farce.
(*) there may have been a time early on when the feeling of actual community existed at a coporate level and extended to the userbase, but I can assure you that was strangled in the cradle as quickly as possible.
That would be reason enough. but the main reason I'm not is that I know this will turn reddit into 4chan. No good mods = racist trolls take over, they drive away decent users, content becomes almost exclusively shitposts and endlessly recycled memes. Consider how bad it is now and think of how much worse it will be once the good mods and content posters leave.
if my boss called me a cute pet name, I'd fucking quit on the spot
bosses who like to act overly familiar and pretend that we are not in a contract where I am only doing labor for them to get paid are scary tbh; the "we're one big family" act always has an implied "and I can disown you for literally any reason, especially if it's convenient for me"
We must ship what we said Disgusting, good thing I'm never coming back reddit. This is just the beginning of a long list of bad decisions, no wonder why Reddit is no longer profitable.
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