But don't panic!!! There are some other options out there for you whether you are worried about losing the blogs that you follow, or are worried about losing the followers on your blog. :)
From what I can gather, Google is going to get rid of Google reader and the Followers gadget???? some time in early July. They say they are doing this because it has become redundant since the launch of Google+. You may have seen the Google+ followers gadget on my blog and many others recently. If you have a blog and haven't upgraded from the Blogger profile to the new Google+ profile, you might want to do so.
To do that, just click on Google+ in the left side of your blogs dashboard.
You will be given instructions on how upgrade. Make sure you fill out the profile well, and add your blog under "contributor to:" If you don't do this, it will be very hard for people to find you after you leave a comment on a blog. Now just go to your layout page and "add a gadget" This is where you will add the Google+ Followers.
I also recommend that everyone who has a blog, also adds the "follow by email" gadget.
That way, people can get your new posts in their email inbox.
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If you want another option... I have a great one for you. It is called Bloglovin' and it is a wonderful way to follow all the blogs you currently follow. Once you create a free account, you can even import all your followed blogs from your Google account. It works much like the Google reader, but I honestly like it even better. It's very easy to navigate and I think you will all like it very much. They even have a great Ap for mobile devices.
Once you create an account, you can click on the drop down menu next to your name and find the follow buttons (for those of you who have blogs) Just add the code they give you to your blog as an html gadget and you will now have a way for people to follow you through Bloglovin'.
(Make sure you do a post and let your followers know about this too.)
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I know change is hard. We all like things they way we are used to them. Nobody wants to lose the blogs we follow or lose the precious followers who make blogging so much fun. Thankfully, these changes are really not so bad. I would like to encourage all of you who follow my blog through Google Reader (thank you) to choose one of these other methods to follow my blog before July 1, 2013
Follow me via email
(Just enter your email in the box on my sidebar... I promise... no spam.... just a new post once or twice a week. :)
or
You can follow me in Google+ (the gadget is on my sidebar)
or
You can
Follow my blog with Bloglovin (also in my sidebar)
UPDATE!!!!! Okay, in my haste to alleviate the stressed out ladies who sent me emails asking me about this... I may have jumped the gun slightly. There is a possibility that although Google Reader is definitely going away, the followers gadget (through Google Friend Connect) may not be.
I have not been able to find any current information that says the Google Friend Connect is going away. The thing is... I can't be sure one way or another. (You know how Blogger is) I sincerely apologize if I freaked any one out.
I would still recommend doing the things I suggested, because it never hurts to give people several options to follow you the way that works best for them.