I had to read the OP twice........ WWW I too am concerned.
It's a cycle, pilot management can never get it right. Like a few others I think a few UK carriers have cut their numbers fine. Always embarrassing to explain why aircraft are on the ground or flights are being sub-chartered.
But before people start signing away hundreds of thousands there is still a lot of meat in the sausage machine. It takes at least four to six months to get a cadet on to the line - the training funnel.