Layoffs across my industry, where did you pivot?

Our sector has been shrinking and I am unsure if I should wait it out. I do not usually post, so bear with me. I have transferable skills but no direct experience elsewhere. How did you choose?

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

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