This is the problem with these idiots, they only think in the short term. They don't consider the consequences of upsetting an experienced work force.
True, today there may be limited opportunities, but this WILL CHANGE SOON. Then, managers like this will discover the overwhelming cost of rehiring a mass number of pilots, and training them. Not to mention the additional costs associated with "new staff" whilest they are adjusting to the operating environment and company "culture".
All in all, this type of managerial behaviour is about as stupid as it gets and does nothing but demonstrate their ignorance.