The problem with volunteers is that you can't easily fire them. It's great that reddit gets a lot of free labor from moderators, but their sense of entitlement is a huge drag. Regardless of why Victoria was let go, it's very difficult to run a business when you can't make staffing changes without threat of open revolt.

I would hire a replacement for Victoria and swap out every moderator of /r/IAmA who was part of this coup. It's not their property, it's reddit's. It will be ugly (not that it isn't already), but in the end there are a few moderators and millions of users who literally could not care less and just want to read interesting stories.