I wonder if moving into game development could work out for at least some of them. For one reason or another, the tax incentives for growing game development jobs in Vancouver is lucrative.
That's what I did. I was a technical director at a VFX company in Vancouver, then jumped ship for a gaming company. That was five years ago, I've never regretted the decision.
That said, game studios have also been closing left and right here. But the other game companies seem to be able to absorb a lot more of recently-laid-off people than VFX. A lot of VFX people I know really struggled to find work when they were laid off, whereas most of the game dev people I know landed on their feet at another company.
Feels like the game companies here ebb and flow, while the VFX companies just inevitably implode with no one to take their place.