Industry layoffs, what are people doing? (update)

Our sector has been shrinking and I am unsure if I should wait it out. I have read a lot of threads here and could not find my exact situation. I am open to a pay cut if the field is stable.

A short certificate helped me more than a new degree would have. Check what local colleges offer.

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