By cutting service in specific routes, they're probably just going to increase density on them.
The issue is less about 'net capacity / ridership' as much as literally density on each ride.
Paradoxically, reducing density comes with increasing capacity.
Cities/central planners do this kind of thing all the time, they change some thing over here and think that people's behaviour will change. Sometimes it does - but people still need to get to work, pick up their kids, etc. and if the choice is not public transport, it's often 'car'.
Again, creating 'more supply' of biking routes may move the needle but it doesn't change the fact you live 12km from the office and biking is not practical for many people in those circumstances.