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They must have some good shovels, to digg a hole so deep for themselves.
I can't imagine Reddit will ever recover. It's as bot plagued as twitter and lost all semblance or its former self.
What's with the trend of major corporations taking turns turning themselves to shit? Can't these CEO's see the public backlash and tell themselves "Shit, lets not do what they did"?
Money.
Every one of these companies has the exact same target, which is to make more money for their shareholders than the previous quarter at the expense of everything else.
When a company is small and not making as much it's easier to make little changes to increase capital, but as the company gets larger and they run out of avenues to extract cash from they start getting more and more desperate and their tactics get more and more obvious.
I've just left a company for this exact reason, as their little cash grabbing exercises were starting to impact employees and they were making cuts all over the place in order to keep up the illusion of growth.
These CEOs don't think about the impact that new policies make, they just see more money not being extracted.