Layoffs across my industry, where did you pivot? - any advice?

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. I am open to a pay cut if the field is stable. How did you choose?

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

Thanks for writing this out. I went through something close to it 10 months ago, and it settled down once I kept a simple log of every call and form.