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 been trying to stay organised about it. I have transferable skills but no direct experience elsewhere.

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

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