Industry layoffs, what are people doing? - 8 months and counting

Our sector has been shrinking and I am unsure if I should wait it out. Thank you in advance. I have transferable skills but no direct experience elsewhere. How did you choose?

I moved into operations work. The skills carried over and there were more openings than in my old field.

Talk to people in the field you are considering. Two coffee chats changed my mind about one option.