Layoffs across my industry, where did you pivot? - what worked for you?

Our sector has been shrinking and I am unsure if I should wait it out. Any experience at all would help. I have transferable skills but no direct experience elsewhere. Who has switched fields?

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

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