String theory isn't exactly dead, but it's languishing out in the landscape (or swampland). I'll give my personal opinion here since the lack of any real experimental predictions makes my opinion no better or worse than anyone else's. In all likelyhood, some of the work done on string theory will turn out to be useful, but whether or not that part which is useful has much to do with string theory is a crap shoot. For one thing, no one really understands string theory (of which there are many that have been slurped up into M theory). There are still physicists working on string theory, but I think that number is shrinking due to an inability to calculate anything remotely in reach of any real experiment. In addition, the problem of the landscape is a rather crippling result.
I think that what most physicists would like to think in lieu of anything definite to the contrary is that the universe is unique in the sense that the there is some underlying physical principle that leads to a universe with the forces and particles we observe rather than the lanscape in which this univere is but one of a gazillion possiblities, that just happened to produce this universe (followed by some who have followed that idea down the rabbit hole of multiverses.) The second most desirable theory is one which leads to our universe as just one of many possibilities, but that makes it very clear that it HAS to be that way for universe to exist. This is far less satisfying, but better than string theory and the landscape which allows zillions of possible universes without being able to show that the theory could actually lead to the one we are living in (e.g., the standard model doesn't follow from string theory, or if it does, no one has yet been able to start with string theory and obtain the standard model in some limit.)
So, string theory has lost a bit of it's glamour as a theory of everything and although it isn't dead, it's not exactly going anywhere in a hurry and without some sort of a miracle breakthrough, the amount of attention it receives and the number of students who will be heading off to study string theory is likely to dwindle. I doubt it will ever die completely, but only because the mathematics and formalism developed will be useful in other contexts.
Or, to put it another way, doing a thesis on string theory is probably a lot less likely to get someone a job than it used to.