Names out of a hat has to be the worst possible solution for everyone!
Many left more lucrative positions in the good times to start at the bottom of a long list to gain some semblance of career stability by increasing their buffer from the bottom.
Many also avoided slightly riskier fleets and bases to give themselves a better chance.
Names out of a hat means you’re at an equal chance of being let go during each crisis for the rest of your career. In seniority based airlines that’s monumentally depressing!