Maybe it's the chaotic neutral talking here but I reckon mods going on strike for two days while leaving the subs public would show just how important they are to Reddit Inc. and why their unpaid work still has a cost to the company.
I've modded medium-large subs before and though it's been a few years and I'm sure the automation has improved and I doubt it's perfect. A small but significant part of the mod queue on big subs is a steady trickle of things intended to offend, shock, disgust, or harm: goatse-type stuff but also violent gruesome mutilation & death photos, straight up child porn.
The consensus on HN is largely that being hurt or offended is the moral transgression, but some of the base motivation of moderation and moderators is protecting people from that kind of harm. Intentionally exposing people to it through inaction to make a point to another entity is not particularly neutral, I don't think.