Whole sector shrinking, should I change fields? - any advice?

Our sector has been shrinking and I am unsure if I should wait it out. There are 9 people counting on me, so I am trying to be careful. I have transferable skills but no direct experience elsewhere.

Thanks for writing this out. I went through something close to it 4 months ago, and it got easier once I kept a simple log of every call and form.

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