Heard from a friend in Netjets that they are looking to cull 1/3 of the pilot workforce from the smaller jet end of the business!
Apparently the company are offering various 'options' including 1 year on, 1 year off, Redundancy package and off you go, x months on x months off etc.
Seems to be well run but is still a dramatic cull of up to 400 pilots!
BA are culling their winter schedule. The recently announced BALPA deal with BA to avoid compulsory redundancy has a line in it stating that the deal does not cover surplus generated due to reduction in future capacity!
The next year will continue to be extremely challenging. The 'surplus' sloshing around in the world will take a long time to be hoovered up. The future will be of longer rosters, fewer crew, shorter turrnarounds, reduced pay, more sectors etc.
Personally, if I were starting out now, I would take the advice above and either not start or, if I were in the process, finish and get another job until this all stabilises. Look at least two to three years from now and you might be ok.