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In principle yeah, they need time more than anything else, but a pragmatic solution is very difficult after the May and Johnson years ostracised all semblance of reason from the the party.
They're not just split along ideological lines and vested interests, they're split between various brexit myths and even dead cats that they've co-opted as real policy for their own benefit.
It's much easier to invent some more bullshit for a chunk of them to rally behind after a phone call to 3 newspaper owners.
neu
They should keep her in place, get her to appoint a cabinet of one nation tories and ditch the nutters like Mogg and braverman. Set a date for an election giving them enough time to start to rectify the damage and only then appoint a new leader (Hunt).
They keep her in place or they'll be forced to go to election early and be whiped out