It’s painful to lose members of your community team.
But don’t compound the pain by trying to do the same things with fewer people.
You will burn yourself out and deliver a worse experience.
If the community team is cut, you need to cut some of the activities you’re doing too.
That might be content, running the MVP program, hosting events and activities, or something (please don’t cut moderation). Engage members in the process of deciding what to cut if you like.
Remember, it’s always better to do fewer things extremely well than many things badly.