A little searching with DuckDuckGo reveals that this tweet was made in January 2023. Not sure whether it's also bot-vomited from a previous instance of the same remark. It's telling that the r/all post doesn't link to the tweet or give a date.
ETA a link to the tweet in question: https://twitter.com/briantylercohen/status/1617333819660718081
LOL, that's how Reddit's traffic is "back to normal".
My take: the letter does a good job of stating the grievances and position of the moderators and should be referenced in future articles about the Reddit protests. And, although it's well-written and well-intentioned, it's not going to work because Reddit hasn't been dealing in good faith so why would they start now?
Reddit will mistakenly take this letter as a sign of weakness and not perceive it as what it truly is: a final attempt at communication/reconciliation before walking out. The best likely response would be Reddit making some mealymouthed promises that will never be kept. It's more likely, however, that Reddit will either do nothing at all or do something new that's hostile and foolish. And it's highly likely that the moderators realize all of this, but figure there's nothing to be lost by giving it one last try.
I actually think it will be much bigger. I'd be surprised if there aren't a lot of users in the wait-and-see-how-bad-it's-really-going-to-be camp, although they probably won't start showing up until a few days after the 1st.
Don't know how others are seeing the image with your post, but for me, the thumbnail is squinched up horizontally, making the little Reddit dude look like a naked dementor standing on a burning hellscape. Or maybe I'm just projecting a little...
Modding aside, my experience of Discord is that it's great if you want to use it like a chatroom, but it sucks if you're trying to search for information. I wouldn't think Discord would work well for something like legal advice.
Anyone who feels their Reddit experience is being ruined can create new subs to host the content they want to see, and I encourage them to do so. I guarantee it will be an educational experience, especially for anyone who's never been a mod.
I wouldn't be surprised if a lot of them do, right around July 1. It's good to see some of them are already setting up new communities in the Fediverse. Hope that catches on.
I'm thinking Reddit's handling of this is going to be a case study for executive MBA programs in the future, as in, "What not to do."