This has been absolutely wild. Sadly, it's not that surprising and the corporate speak is strong. While Reddit likely won't change, the "type" of users that will leave over this is the kind of users that made Reddit the community it is today. These are all likely active members from Fark, Slashdot, Digg, and others.
Good news though, we've got a group of people that are experienced in making fantastic communities. I'll bet we'll do it again. We'll see how this goes with the Fedditverse/Threadverse via Lemmy/kbin. I'm sure we'll figure this community/magazine thing out soon enough.
Sometimes all we can control is how we react to the situation.