Industry layoffs, what are people doing? - what worked for you?

Our sector has been shrinking and I am unsure if I should wait it out. Any experience at all would help. I have transferable skills but no direct experience elsewhere. Who has switched fields?

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

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