It's not bad if there isn't huge hiring anywhere else currently. That will change over the next few years, and in 5-10 years there will be some airlines losing 500-700 pilots per year. At a legacy, one guy leaving means multiple upgrades, primarily because planes usually pay different depending on the size. A 744 Capt might be replaced by an A330 Capt, which would give his seat to a 767 Capt, which gives his seat to a 737 Capt, all the way down to a newhire. If 700 senior guys leave, well, you get the picture. That is expensive for the airline, but they are the ones deciding on multiple fleet types. If that goes on for 5 years, that is a lot of movement. If 3 legacies are doing that, that is a lot of hiring. People might leave some LCCs at the same time, so there will be hiring there too. Just keep clean with the FAA, try to get PIC if you can, otherwise get jet SIC. Good luck.
Bye Bye---General Lee