It’s already been said but who you work for, your T&Cs and where you’re based are massive given the 1) disparity in T&Cs across airlines and 2) the limitations to move up the ladder without trading cash for location etc.
One other big factor is why you’re doing the job. If it’s because you love flying, being around aircraft etc., then you’re generally OK. Those that are more interested in prestige, status, money etc., are now in big trouble – you know the type that are more interested in their latest money making scheme or those who bid on the basis of wrangling every penny out from their allowances and like the flash cars etc.
It’s rare to do any job for which the actual doing bit (i.e. the flying in this case) is the same from year 1 to retirement, and it’s fantastic for a few years but would make those looking for intellectual stimulation regret a longer term career in it.