Industry layoffs, what are people doing? after 10 years as a social media manager

Our sector has been shrinking and I am unsure if I should wait it out. I am open to a pay cut if the field is stable. Which areas are hiring?

Look at job postings to see which skills repeat, then fill the gap. That gave me a direction.

Thanks for writing this out. I went through something close to it 6 months ago, and it settled down once I kept a simple log of every call and form.