I spoke to an experienced guy in the IT sector who has worked in many FinTech firms and consulting companies. He said when the data science hype started several years back, companies started getting funds from venture capitalists to set up data science wings . Companies went on a hiring spree with this money to hire data science professionals.
However, as the years passed, these data science departments failed to generate revenue as expected. Also, some aspects of data science will very likely be automated. So companies will probably hire less data science professionals and may even fire the resources hired earlier.
source: https://www.reddit.com/r/developersIndia/comments/zzji46/is_data_science_a_bubble_about_to_burst
