I work in a similar space, and my company's had similar challenges. We lost a couple big clients about a year ago, had some layoffs, and almost no one's jobs are the same as they were even a year ago —let alone four. Things have recently turned a corner, and we're hiring, realigning teams, adjusting salaries — slowly but surely — but it's been a long year for a lot of people shouldering extra duties on smaller teams, and some did choose to leave.
I'd just note that the industry's undergoing major changes right now and lots of companies are dealing with similar issues. Consider, as you respond to your current situation, is job security or role alignment more important to you right now? Could any of the skillset and experience you'd gain from taking on the other responsibilities become valuable to you during a future job search? I never advocate a scarcity mindset, but I do think it's prudent to keep the reality of the market in mind during any "stay or go" decision-making process. You may well find a new position that better aligns with the core work you'd like to be doing, if that company also encounters challenges, you, as a newer hire, would likely be less insulated from potential downsizing or realignment at that company. To put a fine point on it with a goofy metaphor: Take care not to jump ship only to find yourself in the same boat.
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