Are there specific areas within the IT industry that continue to show growth and demand despite the layoffs?

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CIO in Telecommunication, 1,001 - 5,000 employees
I think Cyber is still going strong in a variety of different directions.  AI ventures are in their infancy with huge potential.  Compliance requirements are proliferating across the globe, so that's a third.  
CTO in Healthcare and Biotech, 11 - 50 employees
Engineering, it could be that most layoffs are from that area, but companies require to still build business applications and what surrounds it.
Senior Vice President - Technology in Banking, 10,001+ employees
Cloud adoption, AI based solutions are some of the area where we will see growth for next 5 years at least.
Director of IT in Healthcare and Biotech, 10,001+ employees
Cybersecurity: As cyberattacks multiply, there is a growing need for trained experts, along with experience with cloud-based applications. 

Data Scientists - Because of the growing value of data-driven decision making tools, predictive analytics and automation.
Chief Information Officer in IT Services, Self-employed
cyber of course but folks are removing duplicate vendors and doubling down.  AI will get its turn and some are seeing cloud as an answer to in centre storage removing items like vmware if not critical to have a secure on prem solution. 
Senior VP & CISO, 1,001 - 5,000 employees
Cybersecurity and data science are a few 

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CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.
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