How to fix System.IO.FileNotFoundException exception caused by a missing System.Memory.Data.dll in the bin folder

I am experiencing this issue across all my Azure Function apps after a recent NuGet update to SDK v8.0.403. All of these function apps are using the In-Process model.

I have updated all my NuGet packages, including Microsoft.Azure.WebJobs.Extensions.ServiceBus to v5.16.4, which has a transitive dependency on the System.Memory.Data package.

Exception: Could not load file or assembly 'System.Memory.Data, Version=6.0.0.0, Culture=neutral, PublicKeyToken='. The system cannot find the file specified.

Source: System.Private.CoreLib