The simple and brutal answer is probably yes.
There will be no recruitment in to airlines for the foreseeable future. Huge numbers of experienced pilots will be seeking jobs when eventually recruitment does restart. No one knows exactly how this is going to play out, and while some of the worst predictions being written on PPRuNE are likely too pessimistic, it would be fair to suggest your chances of getting a flying job as a newly qualified pilot with no experience are, in the next 5 years, close to zero.
After that, who knows? But the question you should be asking yourself is are you prepared to sit around for years and years foregoing other career opportunities in the meantime. The sensible answer to that question should be no. But I appreciate how depressing it must be to hear that. We were all once in your shoes, desperately looking for a way in to the industry. Many of us may well be again.
Good Luck.