It makes sense from the perspective of the board. Tim doesn't have to do anything wrong to jeopardize profitability of the company; his gender alone is enough to do that.
Hasn’t the botched attempt to de-NSFW the platform already jeopardized the profitability of the company?
Aren't you being a little sexist?
Yes. This is the porn industry we are talking about. It's inseparable from sexism.