I've been through three recessions in the course of my flying career, losing my job on each occasion. Stuff happens, and moaning about the management of your airline/flying school is totally counterproductive. They have to keep the business viable, if possible, and the yields are scarily low in the good times. Yes, it's devastating to lose your job, or not to be able to get the first step on the ladder when you've spent a lot of money on getting the qualifications, but life isn't fair. If you can't fly, find something to keep an income, there are jobs out there if you're not too fussy (I once went from being a wide-body captain to a foreign exchange cashier), and wait for the cycle to reverse, as it always does.
Good luck to all flying instructors in this difficult time.