Main points: He plans to make moderators popularly elected to more easily vote them out.
Hopes the next frontier will be subreddits as businesses.
He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.
They’re just looking for admin-friendly volunteers to cross the picket line and kick out protesting mods. It’s unsurprising that it’s come to this, and has already started in various reddits (such as /r/AdviceAnimals, which still exists, apparently).