Indeed Wingswinger. That does seem to be the case. It is good for potential new joiners to be aware of this management mentality though. They are not thinking "let's get this lot in and give them a career". They want to flog you for a few years and dangle a carrot of better things to come (as do many airlines), whilst all the time expecting many guys to leave. Good for business I guess, but terrible for workforce morale and job satisfaction. However, the flogging period at easyJet is much harsher than just a reduced salary at other airlines. Super random roster, little time off, a poor leave system, no guaranteed income and no guarantee of a permanent job at the end of it.
But if you think easy will suit you then it is a price you have to pay.