So they took all of Dan's words as truth? The guy with the competing Reddit? Come on Techcrunch. That's pretty bad.
Now, for the facts:
1. None of these people left voluntarily. They were let go. So they need to stop with the 'people are leaving in droves' nonsense. Reddit has has almost multiplied in employee count in the last year, and has moved to a new office, much larger office building.
2. All of these people, except for Nicole were part of an experimental product that was cancelled. If this was Google or Facebook, you wouldn't even know. It happens every day. But because you got a juicy tip from an ex-employee building a shitty competitor, you run with it. Because, hell, it's Reddit, and you just might hit the frontpage!
3. Shit like this, "The plans to overhaul Reddit’s reputation as a hotbed for harassment and to remake the company as a multi-media publisher have yet to prove successful — at it seems that the departures of senior employees are impacting Reddit’s product and performance." -- WTF does that mean? They tried Upvoted, it didn't work, and they're folding it back into Reddit.com and letting go of people that they don't need for the next iteration. That's business. It has nothing to do with color of skin or your genitals.
4. Numbers always dip in the summers. Especially for Reddit. The kids are off for the summer. It would make sense that they peaked right before summer. According to Alexa, Reddit is the 9th largest site in the US, and up 9 spots this month on the Global list to #27. So it seems they are definitely growing.