Most major subreddits show a decrease of between 50 and 90 percent in average daily posts and comments, when compared to a year ago. This suggests the problem is way fewer users, not the same number of users browsing less. The huge and universal dropoff also suggests that people left, either because of the changes or the protests, and they aren’t coming back.
It doesn't help that they are using facebook-like tactics to try and force/coerce you to download and use their app. I recently was trying to find help getting through a difficult part of a game. Reddit seemed to be where most of the good user discussions were at. Reddit's mobile page would give me a pop-up stating that this community was not "trusted" and that I need to view on the app or go to the Reddit front page. There was no option to ignore. Trying to close the pop-up would just send me to the front page. Luckily, I know about old.reddit. That's going to go away eventually though.