It's all to do with surface area.
Ants are so small that they have a large surface area compared with their volume (and therefore mass). When they fall, like anything else they churn through the air -- but with such a tiny weight behind them, the air is able to slow them right down.
Any object falling through a viscous fluid (in this case air) accelerates against resistance. As it goes faster, the resistance increases -- but the weight pushing it down remains the same. Eventually the resistance balances the weight, and the object reaches a stable speed, the "terminal velocity".
What the terminal velocity is, depends upon the shape, air viscosity, the density and many other things -- but most of all, the overall surface area, compared with its weight.
You can easily calculate how this changes with size:
A 1 cm cube with the density of water weighs 1 gramme. It has a surface area of 6 square centimetres.
A 1 metre cube of the same material weighs one tonne, and has a surface area of 6 square metres.
6 square cm is 10,000 times less than 6 square metres -- but 1 gramme is a million times less than a tonne. This means that the smaller cube has 100 times as much surface for its mass, and so 100 times more air resistance when falling.
A very small mote of dust (even of something dense such as lead) has such a high relative surface area that it will float about almost for ever, falling slower than the tiniest draught can push it up again.
A large thing like a human will accelerate to over a hundred miles an hour, and so hit the ground rather hard.
A mouse would fall slow enough so it would stagger a bit, but be uninjured. An ant would probably hardly notice hitting the ground, any more than you notice the impact when you sit on a chair.