Companies usually don't fire people who are well liked and doing a good job. They also fired the reddit gifts admin.
I think it's obvious that there is a forced changing of the guard happening at reddit and given the people who were fired were some of the most popular with the users and moderators I can't imagine those changes will be well received by the users.
However, firing of staff is a personal matter and neither the company nor Ms. Taylor are going to say anything about it. So now we just have to wait for the other shoe to drop to find out what is really going on.