I am Very Sorry to hear about the ending of the hold pool.
Its a sad day for all of you, but the bright side is that you can apply again with some priority in the future.
BA are in a very bad way financially, as are many of the legacy carriers and may not survive without more major cut backs. (Maybe a lucky escape)
I hate to see anyone loose jobs or the prospect of a job. (Been there myself too often)
Best wishes to you all, and good luck in the future.