The short-term is that reddit is scrambling to try to maintain the appearance of normality. Calling for volunteer moderators (Always Were.meme), and talking about their decreased financial stream show this. The rest is gonna be longer term knock-on type effects.
Ultimately though, as many others have said, I’m here and I’m not going back, so while the bad news is a little cathartic, I mostly don’t care. Will they completely die, probably not, but they are dead to me.