A few example scenarios: #CMGR
Smaller team - thus closing ideation, events/activities, and slower speed of moderation/post approval. Likely small drop in participation. No more budget for platform development, staff training, event attendance etc...
Community team cut in half. No time for events, ideation, platform updates, member giveaways, or rewards for MVP program. Slower moderation. No ability to fix technical bugs. Sig. drop in participation and satisfaction.
Team is cut to just you to reply to discussions/posts, firefight platform issues, and support MVP program as best you can. Pressure to move to cheaper platform when contract expires. Big drop in participation.
But this is where the good community strategists will shine.
It's time to get planning folks, it's going to be rough.