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. I have read a lot of threads here and could not find my exact situation. The postings I see are fewer and ask for more. 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.