Will this undermine most of what makes IAmA special? Probably. But Reddit leadership has all the funds they need to hire people to perform those extra tasks we formerly undertook as volunteer moderators, and we’d be happy to collaborate with them if they choose to do so.
Kind of like the reddit Sekrit Santa shutting down. It was huge, really hard to run, and the volunteers all agreed to stop.
I vaguely remember reading at the time a lot of users went there only for the exchanges and didn’t use any other part of reddit.