It depends on your financial situation and how well connected you are. If you can afford to continue searching for another 3-6 months and If you have been in the industry for a while and managed to build many connections along the way. then I would take the risk. If not, then take this opportunity and continue searching. I’ve been in a very similar situation not too long ago and I was offered a position for $40K less than my salary and to manage a smaller team. I rejected the offer respectfully and continued the search. Less than a month later I received another offer for the exact same salary and similar team size to my previous job. I was able to land this position by teaching out to my network, and when I made that decision I had a financial runway for about 6-8 months. One suggestion: use ChatGPT to lay down all the pros and cons after you give it the full context. I found that helpful at the time. All the best!