Industry layoffs, what are people doing? (update)

Our sector has been shrinking and I am unsure if I should wait it out. This is my first time dealing with any of this. The postings I see are fewer and ask for more.

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

Keep everything in writing and save the confirmation numbers. It made the follow-up calls so much easier.