Actually, when this hiring "wave" started, pilots with NO PIC time have been getting slots in higher numbers than the 2 previous on the legacy level.

With that said, pilots with no TPIC are still in a small (relatively) amount compared to the rest of the pilots in any given new hire class.

I know, someone is going to shout "well in my new hire class (insert big number) of pilots didn't have PIC!!!!!". Sure, and the class before them/after them probably had few to no pilots without PIC.

How's your resume? Technical degree and/or big aviation U with a high GPA and a masters along with collateral/extracurriculars? Volunteer work? Are you networking?

You don't really have options until you have offers on the table.

It's shifted somewhat as far as the LCC/ULCC's go. Meaning, upgrades for the most part are back to being quick in the relative spectrum. Not too long ago, upgrades were stagnant at many regionals and an FO had few chances to boost their flight qualifications at the regional so they went to a LCC/ULCC/ACMI. And it worked for many. But it's all a moving target based on A LOT of factors in the application algorithm/scoring process. This, and other message boards/forums are plentiful with the FO that that did it, and hasn't heard a peep yet after years of making the move.

But along the lines of the other posters, upgrade and get some PIC, try to take on a volunteer position with your MEC, keep your record clean, try to get into a safety/instructing position. The last couple can be achieved without being a CA in many cases.