No more contract pilots
To bring you up to date:
1)PHI are indeed phasing out the contract pilot slots.
There are a couple of jobs that nobody ever bids on ("Apache" jumps to mind; 8 hours a day in a 206 and a zillion take-offs) that are filled by some happy contract pilots. They might survive. The rest are going or gone.
2) PHI is also no longer hiring - period. Full up. People sitting around.