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.
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