There are plenty of smaller communities there that truly don't care about what's going on in management, and will probably stay alive for a long time still.
It's those communities that keep me in Reddit.
Otherwise, I'm no longer idling and killing time through r/all or my frontpage.
So what happens if Reddit doesn't comply to their requests?
Last time mods did a protest by making subreddits private, Reddit threatened to kick them out of moderation at that made most mods just shut up and comply.
Now mods have absolutely no leverage against the admins. I don't sympathize with Reddit, but I lost all sympathy for mods too. They should simply do what we all did, and hop off Reddit for once. Sadly, they care more about their "mod powers" than anything else.