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 am in Portland, in case local advice matters. I am open to a pay cut if the field is stable. How did you choose?

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

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