I instructed at PEA for a little over a year.
It's true that they hire all their students as CFIs. Some get fired if they mess up (know of about 3 Norwegians who got fired over the last 3 years).
There's a lot of senior instructors over there though, as there aren't a lot of hiring going on, and I averaged out at about 40 hours a month, which was about average for PEA at this time