… it has been my experience that the physics background is extremely well suited to the ebbs and flows and constant changes in industry. Perhaps you can use that as a selling point to attract more majors. What I have found with myself and other PhD physicists at Northrop (former TRW), is that we are the most versatile of the many technical disciplines at work. I'll mention a few skills that the physics major imparts that perhaps aren't as strong in many engineering majors:

• the physicists seem to have better critical thinking skills and quantitative skills
• the physicists who were experimentalists in graduate school (or perhaps even during senior research) have a very broad knowledge and can step easily into several disciplines (e.g. I count myself very familiar with materials, vacuum techniques, cryogenic techniques, and influence of measurement equipment on experiments). This broad background is also a key advantage when it comes to troubleshooting and other problem solving
• they seem to remember their college subject matters better; believe it or not it comes in handy sometimes. Maybe this comes from the grad school courses, I don't know

I first entered HMC intending to major in engineering. I switched to Physics because I found the subject matter and approach to teaching much more appealing.

Physics majors can certainly go on to do all kinds of strange things, even public policy and international affairs:

https://elliott.gwu.edu/pace

Physics training has been an invaluable aid throughout my career despite my grade in quantum mechanics. : >

I love teaching (but then, I learned from the best), and love my research - it's trying to do both all the time that I am finding taxing.

Congratulations on the department's recent vigorous activity! It sounds great in that it provides more research opportunities for undergraduates....