but that's what this post is, they're quitting. did you reply in the wrong thread or something?

They're not quitting. They are going to continue to moderate their sub. Yes they have agreed to no longer do a huge laundry list of responsibilities they took upon themselves to improve their sub - but they are not quitting.

Quitting would truly impact reddit. Losing this group of moderators who have built relationships with agents and PR groups would be huge. They are literally unreplaceable. It would take reddit years to get mods in place that could do what these do on the daily. But they are unable to quit because they don't want to give up their throne and things will eventually return to normal without reddit conceding an inch.

Look at the media coverage losing r/Minecraft got because those devs/mods had the courage and backbone to quit. We need more of that.

Even in their letter, the mods of IAMA said they'd been asking for tools since 2015. No changes. 8 years and they still haven't gotten what they wanted. Yet they refuse to take the next necessary step. To quit.

Sunk cost fallacy and power hungry are a terribly greedy combination.

But from that post:

They've told the media that they are actively planning to remove moderators who keep subreddits shut down and have no intentions of making changes.

So, moving forward, we're going to run IAmA like your average subreddit. We will continue moderating, removing spam, and enforcing rules. Many of the current moderation team will be taking a step back, but we'll recruit people to replace them as needed.

That doesn't sound to me like they're quitting, that sounds to me like they'll protest but support Reddit for as much as it takes to still be moderators.