True that redundancy has a terrible effect on someone’s mental health.
It’s happened to me twice before, once in 90s and another time as a knock-on from Ansett.
Both times it was just myself (no dependents or mortgage etc). Both times still terrible; as were the empty promises from the regional operator to rehire us when the time came.
Sadly, in our volatile industry, it can be cyclical feast or famine. If you haven’t already, It’s likely that most will be touched by some form of this in a pilot career.
For the newer pilots, perhaps those who just landed an airline job and thought they’d made it (took out the mortgage, bought the car, had the kids etc), I do feel for you. Sometimes you’re just in the wrong place at the wrong time. Could just as easily have been me.
Lessons learned the hard way. The only thing for sure is that persistence and determination will ensure you’re back flying when the time comes.