This is as systemically concerning as the data practices seen on Discord with integrations like statbot.net, though at least Slack is being transparent about it. Regardless, I find all of this highly problematic.
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Disord's TOS used to say "we may sell all your convos, including your private ones". Then some time later, they suddenly they changed it to noooo, we would never sell aaanything, and didn't even update the "last changed" date. I deleted my Discord account and stopped using them immediately after I noticed the TOS, but them sneakily trying to cover it up later completely ruined any lingering trust I might have had in them.
And this is just one of many, many problems associated with the platform.