THey will keep hiring SO 's like they always have - ie young kids of a turboprop who sees this as a big opportunity. Are you one?
The guys who are really feeling screwed are the one's that came here as SO's of jets elsewhere. While they are still riding the backseat their mates are getting commands at Jetstar, Easy, Emirates, Korean etc etc
CX won't be able to get SO's with any decent experience anymore - but that doesn't matter - If a 200 hour cadet can do it then so can you!
So mate - it all depends on what else you can get!