Perhaps, but I'm surprised given the level of influence Reddit has these days. Reddit reaches about 500 million people per month, probably more. It's not "just a silly message board" anymore.
They have a comparatively tiny number of employees and those people have a very real power to control narratives. We're seeing just the tiniest glimpse of that here because the employee in question has done so in an incredibly egregious manner. The question this whole incident should raise is "what else is going on, that we haven't yet seen?". The specifics of this particular example are uninteresting.