For those that dont want to look at the link:

"effective immediately, we plan to discontinue the following activities:

1. Active solicitation of celebrities or high profile figures to do AMAs.

2. Email and modmail coordination with celebrities and high profile figures and their PR teams to facilitate, educate, and operate AMAs. (We will still be available to answer questions about posting, though response time may vary).

3. Running and maintaining a website for scheduling of AMAs with pre-verification and proof, as well as social media promotion.

4. Maintaining a current up-to-date sidebar calendar of scheduled AMAs, with schedule reminders for users.

5. Sister subreddits with categorized cross-posts for easy following.

6. Moderator confidential verification for AMAs.

7. Running various bots, including automatic flairing of live posts"

I feel this was Reddit biggest sub, and probably the most prestigious. Wonder what the effect will be on reddit overall and if reddit will replace the mods.