This is typical of inexperienced management. I am not saying Chayka has done a bad job or that all of his trades and signings are bad. I think it is mixed at this point. Unless and until you have done it before and has some success, it is difficult to really know the next steps and the right steps. Chayka and Tocc have never won at this level in their respective roles, so we have 2 inexperienced managers at the helm now.
The team is skidding, so what do either of them do next? They haven't been in this situation to know how to pull the Coyotes out of the skid. That doesn't mean they can't figure it out or won't figure it out, they might, I am just not sure now.
Although Tip didn't say it, I wonder if part of him leaving was not wanting to be under an inexperienced GM calling the shots? The Oilers have a much better chance of weathering storms with Holland/Tip at the helm, they are both proven managers. Hockey isn't different then managing any other business, now its complicated with a ton of moving parts, but experienced managers are always a better bet to man the ship when it's stormy.