Are We Seeing The Data Science Bubble Burst?

COVID-19 has led to shifting priorities, and companies are re-assessing strategies across their business as resources are constrained. This has led to companies coming to terms with the reality of business value with data science. The mass layoffs in the technology industry, including many data scientists, have many saying the talent bubble has finally popped. The pandemic gave a good reason for organisations to decrease the compensations for data scientists, which was earlier soaring high due to the rising demand. It is true that the number of candidates had been increasing exponentially in data science over the past five years.