Are you sure? I've used Reddit for 15 years and it's the first time I don't really have a good way of using it, besides the desktop (on old.reddit).
On mobile (where I used to spend reddit most time) their own app is so crap I don't even have it installed, so I have no easy way to browse. On Chrome I'm not even logged-in, so I only use it whenever a google search leads me there, but I don't post or do anything meaningful.
All in all, it feels like a really stupid move. If you are going to kill the apps, then have a decent alternative. Otherwise, just charge them a profitable but not stupid amount. And if reddit is losing money, maybe just look at their headcount and start there...