I watched this happen on the britishcolumbia sub. They got too many reports or something about misinformation (my memory is unclear about this point, but there was some dispute about misinformation), so the admins closed the sub, posted a message asking for the community to select moderators, then completely forgot about the whole thing. The sub (a sub for an entire Canadian province) was closed for like six weeks. Then some random did a reddit request and they gave it to him, not the mods the community voted on. This random waited for a while, then started letting racist stuff through, and booted the old mods who objected to the racist stuff he was allowing. And Reddit made it all happen.
The idea of Reddit replacing even a hundred mods, in a single day, with anyone capable of the job, is laughable. They couldn’t do a single sub in over six weeks, and even after six weeks they fucked it up.
I like how they made helping Reddit improve to be optional. I suspect I’m not the only one who doesn’t feel inclined to help them in any way.