- Published on June 25, 2020
- In AI Features
Can COVID-19 Layoff Turn Out To Be A Blessing In Disguise For Data Scientists
Image by Can COVID-19 Layoff Turn Out To Be A Blessing In Disguise For Data Scientists
- By Sejuti Das
Layoff has always been the first step companies take in order to cut down cost amid an economic turmoil. And this COVID-19 pandemic has made millions of people unemployed, including data scientists and analytics professionals. Keeping business sustainable is a critical priority for any company right now, and in order to keep their finances stable as well as to reinvest in automation, many of them are taking layoffs as a resort for their business continuity. In fact, according to data, this coronavirus lockdown has made a record-high unemployment rate of 27.1% in India. In another recent report, it has been noted that the new claims for unemployment benefits in the US have raised to 281,000 by March 2020, which is the highest since 2017.
These layoffs have indeed created a significant di
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Sejuti Das
Sejuti currently works as Associate Editor at Analytics India Magazine (AIM). Reach out at sejuti.das@analyticsindiamag.com
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