My advice: you’ll likely not find another job that’s equal in compensation and responsibilities as what you had, at least not anytime soon. There seem to be a number of smaller companies out there looking for talented staff, but who can’t offer as much.
You can be pessimistic and say that these companies are vultures, trying to snag talent for less. That may be the case for some, but others just don’t have the revenue. It’s worth a shot and better than being unemployed for a year or more while you blast your resume into a black hole. Start in a lower position and work your way back up in that year instead.