Reddit has never been low on money. According to one of their old developers, the staffing issues have always been political, not financial.

http://www.reddit.com/r/blog/comments/g66f0/why_reddit_was_d...

Ah yes, the telltale sign of a large bureaucracy: people spending $150 of one kind of money to avoid spending $100 of a different kind of money (in this case, payroll budget versus tech-infrastructure budget).