I understand that some pilots might have lost the job and feel angry etc. But at least you had an aviation job. I spent about 60k on my training and not even an interview. If airlines were more fair, I would have been given at least one chance by now.
Fuel prices going up means small margins (hence they look for profit elsewhere). More computerised systems in the aircraft, so they are less dependent on the skill of the pilot and can afford to train newbies more quickly as simulators are getting cheaper etc. Thats why, I guess, they value airline related experiences more than raw flying experience. I got nearly 2500 hours, 700 on multi engine, finished training when airlines were booming and cycle was on the up, floodgates were open etc etc. But no job.
What other option is there?
Wait for better times. Well, times were the best in 2006/2007 but no offers back then and next cycle I will be 10 years older.
Build some experience first. I did. Flew different aircrafts, in various countries. Flew in Europe, Africa, USA, Asia etc.
But I have no regrets about flying aircrafts and spending 1000s of pounds so far, I enjoyed it.