I'd note this was previously mooted in 2019 and well, appears to be deeply unpopular.
I notice the originalquestion post here is very much centered around the process, and what the company intends to get out of it. I know there's generally vague promises of more resources for the community but what do the communities in question get out of it?
Also, as a initiative that affects a broader subset of communities, this is the first I've heard of it. Even if one might argue this is picking up an 'older' project, I feel like it would have been a nice thing to give a preview of this to moderators in general. One builds trust by communication, and the communication here has been lacking. There's a comment from a moderator on one of the sites affected in the main post indicating they weren't informed either.
I really do wish the company would do better with understanding that, there's a social contract between the company and community, and suddenly announcing something like this with no feedback, or seemingly a focus on the mechanics and the company's goals with little reference to the benefits the community might get feels... off. You're not selling this to management, an investor or even an advertiser. You're trying to sell it to a community that's jaded, and somewhat suspect of many of the initiatives the company takes, and the end results it seems to get.