In interviews with multiple publications, Reddit CEO Steve Huffman defended business decisions made by the company.
"He added that he plans to make changes to moderator policies so users can vote them out. Currently, a higher-ranking moderator — or the company — can boot out moderators. Incidentally, a r/Apple moderator posted on Twitter (via 9to5Mac) that Reddit was threatening to remove moderators who are staging an indefinite blackout."
Voting out mods is a TERRIBLE idea. It means a very active minority can effectively control a large subreddit, and politically oriented / minority spaces are going to have constant campaigns trying to take them over.
Can you imagine what it's going to be like moderating TwoX, lgbt, or egg_irl if this change goes through? What a nightmare.