Whole sector shrinking, should I change fields?, HR coordinator here

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. How did you choose?

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

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