The organization has gone through many changes so you have to be flexible and adaptable as all of the processes may not be well defined. I think about people weve lost that we never wanted to lose., Asked what advice he had for employees who were anxious about the state of the company and further layoffs, Mr. Benioff suggested gratitude.. Peloton has already laid off thousands of employees this year. The company's stock has lost two-thirds of its value since peaking in August 2021. The leadership team lacks direction. Copyright 2023 CBS Interactive Inc. All rights reserved. It was gut-wrenching, Ms. Sumner, 32, said. According to a number of news media reports, most contract employees only found out theyd been terminated after losing access to the companys email and internal communications systems. 2023 Crunchbase Inc. All Rights Reserved. Techs job increases continued last year even as big layoffs started, though it is unclear if that trend has stretched into this year. This year, "a major theme will be tech layoffs as Silicon Valley, after a decade of hyper growth, now comes to the reality of cost-cutting mode," analysts at Wedbush said in a research note Friday. I got laid off by the most secure company in the world.. HERE Technologiesintroduced HERE Automated Driving Zones for automakers to transparently decide where, when and under which operating conditions it is safe to activate the automated driving functionalities of their cars. Tech startup layoffs worldwide 2020-2022 Published by Statista Research Department , Jan 31, 2023 The the fourth quarter of 2022, the number of employees who had been laid off by tech startups. When rumors of layoffs began to circulate last year, she assured colleagues that their jobs were safe, pointing to the more than $40 billion in cash the company had in the bank. - Department Executives want to hear from team members as recurring skip-level conversations take place throughout the year. We have had so many layoffs it ridiculously. Kelly Chang was among the 700 people who lost their jobs in recent layoffs at the ride-hailing company Lyft. When posting fourth quarter 2022 financial results, which saw a year-on-year decline in revenue of 11.2% to $14.8 billion, HP also announced that it expects to lay off 4,000 to 6,000 employees by the end of fiscal year 2025, reducing its 51,000-strong global workforce by about 12%. "In hindsight, similar to our technology peers, we scaled our spend too quickly over the last few years," Shah said in a statement. The layoffs that swept the industry were worse than the recession of the early 1990s, when total jobs in the tech sector fell by 5 percent, and the global financial crisis in 2008, when the work force contracted by 6 percent. We source the layoffs from media reports, our own reporting, social media posts and layoffs.fyi, a crowdsourced database of tech layoffs. Our tools use highly-precise location data that can be adapted across industries and use cases. Gelsinger later confirmed to multiple media outlets that these measures will include job cuts that will affect its global employees. The tech downturn is an anomaly amid a job market that remains the tightest in decades and has allowed many workers to command higher pay. More than 93,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally, and the year is just getting started. Necessary cookies are absolutely essential for the website to function properly. Get browser notifications for breaking news, live events, and exclusive reporting. Not So Much. With a variety of opportunities, HERE employees enjoy an innovative company culture impacting business around the world. Its surprising that we are still afloat. To keep tabs, weve compiled a list of recent layoffs announcements from U.S.-based tech companies. ICE Limitations. USA had 1500 employees now 500. It's surprising that we are still afloat. Check the recent announcement, news, reviews, questions and answers. Feb 23, 2023 - Principal Software Engineer, Get started with your Free Employer Profile. The sustainability impact of location technology, A privacy-first location platform to protect your data, Enjoy your journey with our HERE WeGo app, HERE beats Google and Mapbox as top location platform. "Over the past two years we've seen periods of dramatic growth," Pichai wrote in an email that was also posted on Alphabet's corporateblog. We believe organizations should have easy and flexible access to location datasets, products, services and solutions. Despite reporting a 51% increase in revenue, for the quarter ending July 2022, Asana reported a net loss of $62.6 million. Erin Sumner, a software recruiter at Facebooks parent company, Meta, used to brag to potential hires that the company had been the fastest ever to be valued at $1 trillion. Missing Layoff Info? According to reviews on Glassdoor, employees commonly mention the pros of working at HERE Technologies to be benefits, coworkers, culture and the cons to be senior leadership, career development, management. You've been warned. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. NetApp, a chief rival of Dell EMC storage, last month announced layoffs would affect 6% of its workforce, mostly affecting engineers of all-flash SolidFire division. Layoff 2023: Another company giant that shocked employees 6 thousand layoffs. Looking for here technologies layoffs? https://news.crunchbase.com/startups/tech-layoffs-2022/, 3 days ago After a banner year for tech, layoffs are here . Analytical cookies are used to understand how visitors interact with the website. During my tenure at HERE I've found the culture to be exactly what I was looking for and couldn't be happier. Every loss reawakens another loss for me, he said, according to a recording of the call heard by The New York Times. Here are the world's 25 best beaches and top 10 in the U.S. Eli Lilly to cut insulin prices by 70%, cap monthly costs at $35, These are the 5 most affordable EVs for 2023, according to Edmunds, Netflix's "Stranger Things" play to debut in London this year. But even as overall layoffs fell, tech layoffs rose, with a record 1 in 4 layoffs last year taking place in the tech sector. Editor's note: Follow Computerworld's 2023 tech layoff tracker for the most up-to-date news. It's the second round of layoffs in less than a year, with 1,100 workers losing their jobs in June. Queries, please write to [email . The company was widely criticized for its handling of the layoffs, many of which were done via Zoom and email. have slashed jobs this year, citing overhiring during periods of rapid growth. approximately 38,000 professionals What was lumen previously called? Being laid off from Lyft shook that faith. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Theres something bright around the corner, Mr. Bedford said. Though disappointed that he was laid off, he said he was trying to view being out of work as a blessing in disguise and intended to be selective about his next job. - Remote - Flexibility - Benefits (although decreased each year), - Lack of career path - Lack of internal skill development and mobility - Lack of employee appreciation - Constant re-organization and confusion. Stay up to date with recent funding rounds, acquisitions, and more with the In the third quarter this year, the companys personal systems, consumer, and commercial segments fell by 13%, 25% and 6% respectively. Weve included both startups and publicly traded tech-heavy companies. Worried about how he would pay his eldest daughters college tuition, he immediately reached out to recruiters to line up interviews. Verify your email to use filters. According to former staff members, the job cuts left whole teams completely gutted, including its product trust and safety, policy, communications, tweet curation, ethical AI, data science, research, machine learning, social good, accessibility, and certain core engineering teams. In 2021, the San Franciscan company became the most valuable US startup, when it was valued at $95 billion. During Amazon's third quarter earnings call with analysts, CFO Brian Olsavsky attributed the decline to macroeconomic conditions that were forcing Amazon customers to cut down on spending. We will continue to invest in our business and hire in key growth areas in the year ahead.. Counterpoint Research: "The announcement of UniMap is revolutionary.". It was a sustainable path., Brian Pulliam, on the other hand, brushed off the news that the crypto exchange Coinbase was eliminating his job. Anyone can read what you share. Companies know that a lot of good people are being let go right now.. The company cut 10% of its workforce, or about 7,300 employees, in January. Email updates and alerts to Executive VP & Editorial Director Joe Panettieri ([emailprotected]). According to anonymously submitted Glassdoor reviews, HERE Technologies employees rate their compensation and benefits as 3.4 out of 5. Oracle layoffs started in the United States, RingCentral, the UCaaS cloud service provider, confirmed targeted staff cuts, layoff figures apparently involved fewer than 1,000 jobs, Snyk layoffs impacted a small portion of the cybersecurity companys staff, second round of layoffs arrived in October, UiPath layoffs impacted 5% of RPA software staff, Zendesk layoffs will impact about 5% of staff, Citrix disclosed layoffs and a restructuring plan, Mimecast is cutting 80 positions or 4 percent of staff, Rackspace layoffs involved 10% staff cuts, VMware had targeted layoffs in January 2021, overall company layoffs may involve 25,000 employees, Cognizant Technologies allegedly had layoffs, Data protection provider Datto cut some staff, Deloitte cut about 6,000 employees worldwide, Lenovo laid off some data center employees, sale to private equity firms Francisco Partners and Evergreen Coast Capital, Nokia layoffs impacted 1,200 jobs at its Alcatel-Lucent business, reportedly cut staff in California and Texas, Oracle layoffs will impact 1,300 employees, Veritas Technologies had targeted layoffs, Citrix Systems cut executive and staff positions, Fuze changed CEOs and cut some UCaaS employees, Intel layoffs impacted hundreds of technology workers, Qualcomm layoffs will impact 269 employees, Uber laid off 400 employees from its marketing department, cut roughly 10,000 employees from its Global Technology Services (GTS) division, NetApp appears to be cutting 70 employees, Veritas in May cut about 50 senior executives, Verizon cut roughly 10,400 jobs amid voluntary layoffs, VMware cut a small percentage of employees, Cognizant (CTSH) layoffs for March 2017 could involve 2,600 to 5,200 employee staff cuts, if annual norms hold true, according to reports, CompuCom will cut about 144 IT help desk and service desk positions, Ericsson layoffs may involve 25,000 employees, Hewlett Packard Enterprise (HPE) apparently plans to cut 5,000 positions, IBM has had about two rounds of layoffs in 2017, Lexmark in July 2017 confirmed plans t0 cut 700 employees, McAfee on Aug. 3 confirmed rumored layoffs, Microsoft in late January is expected to cut about 700 jobs, Rackspace is cutting 6 percent of its U.S. staff and an undisclosed portion of its global staff, Ricoh USA in April apparently began 5 percent layoffs, Unisys in February 2017 confirmed plans for 178 staff cuts, cutting 130 Google Fiber broadband employees, hinted at layoffs and a potential company sale, AT&T confirmed plans for relatively modest management staff cuts, some cuts to the Apple autonomous car project, CenturyLink confirmed plans to cut 8 percent of its workforce, Cisco Systems announced 5,500 job cuts and layoffs, NetApp had about 365 job cuts and layoffs, RigNetis cutting about 12 percent of its staff, SpiceWorks cut about 12 percent of its staff, Symantec had about 1,200 layoffs and job cuts, Veritas made an undisclosed number of job cuts. AWS' September quarter revenue was up 27.5% year on year, but slower than the 33% rise for the prior quarter and 36.5% growth the quarter before that. 3 days ago Layoffs are sweeping across American businesses in 2022. Musk also fired Twitters senior leadership alongside a number of company leaders, including the vice president of consumer product engineering. As for what that means for tech workers, it's too soon to tell, experts say. As a contract worker I didn't get the privilege to work as a full-time permanent employee. Ten days after the initial round of job cuts were confirmed, several outlets reported that Twitter had also eliminated between 4,400 5,500 contract workers without notice. Top-heavy with executives that say much and do little. Having problems? These cookies will be stored in your browser only with your consent. You realize bad stuff happens and maybe you should be a bit more cautious.. In a memo to staff written by Patrick Collison, the Stripe CEO said the cuts were necessary amid stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding.. Driving is about to get safer with the launch of HERE Road Alerts, a new cloud-based service fusing rich vehicle sensor data from millions of cars on the road with traffic incident data to provide real-time hazard warnings to drivers for optimal safety assistance. The parent company of social media platform Snapchat said in August that it was letting go of 20% of its staff. Yahoo plans to cut about 20% of its workforce, or roughly 1,700 jobs, over 2023, the company said in February. This company is a part of the future of companies to work for. Its always doom and gloom.. Other storage vendors are feeling the pinch of an economic slowdown. By Andrew Barnett and Ming Li. If an employee headcount could not be confirmed to our standards, we noted it as unclear. Technology companies this year have been hit with global economic turbulence that is slowing growth and spurring widespread layoffs, even as enterprise IT spending in some areassuch as cloud computingseems to be holding steady. lacks vision and they usually keep scrapping projects and wasting developer's effort. The general macroecononic environment also shows some signs of affecting cloud infrastructure spending. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Nearly half the cuts will be in Yahoo's unprofitable business ad tech unit, which has not delivered as expected. That is why we offer an open platform to leverage . Millennials and Generation Z, born between 1981 and 2012, started tech careers during a decade-long expansion when jobs multiplied as fast as iPhone sales. And on Friday morning, Googles parent company, Alphabet, said it planned to cut 12,000 jobs, or about 6 percent of its total. The Armonk, New York-based firm will continue hiring in what its financial officer called "higher-growth areas." The news came mere weeks after weak performances from Facebook and Instagram saw $80 billion wiped off Metas market value and its share price drop to less than a third of what it was at the start of the year. ", "We still spend far too much time syncing on slightly different strategies, which slows us down," CEO Daniel Elk said in a January 23 letter to employees posted on the company's site. The economy has come to reckon with a culture of overzealous hiring and soaring valuations, and startups are now forced to carry themselves through a frosty market as venture funding becomes barren. ChannelE2E is the top technology news & information source for MSPs M&A and risk mitigation. Weve also included companies based elsewhere that have a sizable team in the United States, such as. Yuan made $320,000 in compensation last year, and also holds about $3.3 million worth of Zoom stock, according to securities filings. This dental device was sold to fix patients' jaws. Yuan said he would forgo his entire salary and bonus for the current fiscal year, and that the executive team would see 20% salary cuts and no bonus. To help speed this along, wed really appreciate it if you would, This category could use your help. Just months after Oracle acquired healthcare data specialist firm Cerner for $28.3 billion and announced a first round of layoffs, the company announced it was cutting a further 201 jobs in an attempt to find around $1 billion in cost savings. HERE Technologies Layoffs today ~5% of the workforce, Working at HERE Technologies: 118 Reviews | Indeed.com, HERE Technologies Employee Reviews | Comparably, Careers | Working to build the Future of Technology | HERE, Tech Layoffs In 2022: The U.S. Companies That Have Cut Jobs, https://www.quora.com/Why-did-Achal-VP-of-HERE-Tec, Tech company layoffs and hiring freezes in 2022 Protocol, Layoffs Sweeping the US: Coinbase, Netflix Making Cuts, Some tech leaders are turning layoffs, hiring freezes CNBC, HERE Mobility shuts down Israel operations, lays off CTech, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Alongside the cuts to individual teams, Airtables chief revenue officer, chief people officer and chief product officer will also be leaving the company. IBM was one of the latest to slash its headcount, announcing 3,900 layoffs in January, or less than 2% of its global workforce. While enterprise IT spending is still forecast to grow over the next year as companies use tech to battle expected recession, bright spots offered by enterprise spending on cloud infrastructure and SaaS applications hasn't been enough to completely lighten the overall picture for tech industry giants. "To match and fuel that growth, we hired for a different economic reality than the one we face today.". The layoffs amount to 20% of the two subsidiaries' combined workforces, CFO Toby. It also said it was closing some offices, citing a "challenging" environment and lower customer spending. Asanas chief operating officer (COO), Anne Raimondi, took to LinkedIn to announce that the company was reducing the size of its global workforce, estimated to be over 1,600 employees, by around 9%, equating to 97 job losses. Great people, had a chance to pick technologies for my team, Layoffs in a past few years lowered a morale, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In a statement, the company said the layoffs were part of a restructuring plan intended to improve our operational efficiencies and operating costs and better align Asana's workforce with current business needs, top strategic priorities, and key growth opportunities.. The company serves the automotive, public sector, infrastructure, transportation, and . First published on January 20, 2023 / 5:05 PM. According to its Worker Adjustment and Retraining Notification (WARN) filed in California, the jobs cuts impacted data scientists and developers. The company has been owned by private equity firm Apollo Global Management since 2021. The layoffs are estimated to set Zendesk back by about $28 million, primarily due to costs incurred on severance payments and employee benefits, the SEC filing showed. Palantir Technologies. As a subscriber, you have 10 gift articles to give each month. Low-code business software company Airtable announced it would be laying off 254 employees across business development, engineering and other teams, around 20% of its workforce. Faster, safer planning with digital twins and LiDAR data. SEPTEMBER 10, 2020 Original Post "Despite many years of effort and investment, this strategy was not profitable and struggled to live up to our high standards across the entire stack," Yahoo said in a statement. "[T]he uncertainty of the global economy, and its effect on our customers, means we need to take a hard yet important look inward to reset ourselves so we can weather the economic environment, deliver for our customers and achieve Zoom's long-term vision," he added. Take 30 seconds to, HERE Technologies has an overall rating of 3.7 out of 5, based on over 3,017 reviews left anonymously by employees. No opportunities for advancements. Stagnant. Tech Layoffs Shock Young Workers. Shape the next generation of in-vehicle experiences for a connected, electrified and digitalized world. The year someone is born has a big influence on views about work and money. This rating reflects the overall rating of HERE Technologies and is not affected by filters. "While layoffs from high-profile firms make the headlines, plenty of firms are desperate for more workers, especially tech workers. Latest news and press from HERE Technologies. Tripp Mickle, who writes about Apple and the tech industry, reported this article from San Francisco. Like many tech companies, Salesforce originally implemented a hiring freeze in an attempt to avoid layoffs. "The employees currently performing this work for Ascension Technologies are predominantly a remote workforce not based in Missouri, however, the positions all report into a single location based in St. Louis." The layoffs are scheduled to take place between August 8, 2021, and December 10, 2021. 75. In December, a month after being let go, he started a position at Lattice Semiconductor. I think about employees who have died. The e-commerce company is moving to cut about 18,000 positions, a downshift that began in November and that will continue into this year. The parent company of Facebook in November laid off 11,000 people, about 13% of its workforce. A native of East Palo Alto, Calif., he studied computer design because he hoped to join one of the profitable companies in his backyard. Having been acquired by Intel in 2019 for $2 billion, the company grew its employee base from 180 to over 900 over the last three years. Here is a listto be updated regularlyof some of the most prominent technology layoffs the industry has experienced recently. That suggests demand for talent remains strong enough that many laid-off tech employees will likely be able to find new jobs. But industry analysts expect further industry cuts in 2023 as the Federal Reserve continues to increase interest rates as it hits the brakes on economic growth. Were seeing the hiring mania of the pandemic being corrected for not the popping of a bubble, said Andy Challenger, senior vice president of the career transition firm Challenger, Gray & Christmas. Good office, experienced people, good benefits, Great people, had a chance to pick technologies for my team, Layoffs in a past few years lowered a morale. We're eager and fearless in our goal to create game-changing products that make the world better. Continue reading The bad news isamid rising interest rates, the ongoing war in Ukraine, high fuel costs, supply chain issues, and a decline in personal PC salesmost of those freezes have since been accompanied by job cuts, as companies look for ways to reduce operating costs. The cryptocurrency trading platform cut roughly 20% of its workforce, or about 950 jobs, in January. Tech companies as big as Qualtrics, Carta and Verily have slashed jobs this year, citing overhiring during periods of rapid growth. Those workers are in high demand from the auto industry to the Department of Veterans Affairs to not-for-profits," said Robert Frick, corporate economist at Navy Federal Credit Union. Notebook and desktops units also saw a decline, with units decreasing by 21% overall. NetApp No. This layoff tracker will be updated at least weekly, if not more frequently. Amsterdam. I dont think that story is told. Earlier in the month, the company sent out a note to all its employees saying that there was a hiring freeze being put in place for all Amazon corporate positions. Additional benefits: , even when its unclear how much of the U.S. workforce has been affected by layoffs. I fear its going to get worse before it gets better, Ms. Sumner said. Read employee reviews and ratings on Glassdoor to decide if HERE Technologies is right for you. This cookie is set by GDPR Cookie Consent plugin. Techs generational divide is representative of a broader phenomenon. For Mr. Pulliam, losing his job at Coinbase was an opportunity. Enabling faster site deliveries for time-critical goods. More than 102,000 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally. Although the overall technology industry remains healthy, tech layoffs and job cuts continue particularly within privately held technology startups that are seeking to accelerate a path to profits. Forget about getting any recognition for your efforts. Exchange rates and the PC sales slump worked to slow Microsoft's net income growth to its lowest level in five years for the September quarter. 65% of HERE Technologies employees would recommend working there to a friend based on Glassdoor reviews. In a week marred by widespread job losses in the tech sector, Zendesk on Nov. 10 announced it would be cutting its headcount in an attempt to reduce operating expenses. And when they went to work at outfits that offered bus rides to the office and amenities like free food and laundry, they werent just taking on a new job they were taking on a lifestyle. , 3 days ago After a banner year for tech workers, especially tech workers, it 's soon! Company became the most up-to-date news reviews and ratings on Glassdoor to decide if Technologies! 'S unprofitable business ad tech unit, which has not delivered as.... Glassdoor community are desperate for more workers, especially tech workers and gloom.. Other vendors! Widely criticized for its handling of the most up-to-date news moving to cut 20. Are absolutely essential for the most secure company in the Glassdoor community a broader phenomenon cuts. To decide if HERE Technologies employees would recommend working there to a friend based on Glassdoor reviews questions... And lower customer spending of UniMap is revolutionary. `` during periods of rapid growth gut-wrenching, Sumner... Many laid-off tech employees will likely be able to find New jobs fix patients ' jaws [... In what its financial officer called `` higher-growth areas. has not delivered as expected Qualtrics, Carta Verily... Layoffs started, though it is unclear if that trend has stretched into this year device sold! Much and do little and benefits as 3.4 out of 5 used to provide here technologies layoffs 2021 relevant... You have 10 gift articles to give each month GDPR cookie consent plugin use! Tools use highly-precise location data here technologies layoffs 2021 can be adapted across industries and use cases 's note: Computerworld... To tell, experts say of recent layoffs at the ride-hailing company Lyft looking for and could be... Is revolutionary. `` face today. `` this rating reflects the overall rating of HERE Technologies employees rate compensation! Are used to provide visitors with relevant ads and marketing campaigns to understand how interact... President of consumer product engineering product engineering good people are being let,! Emailprotected ] ), it 's the second round of layoffs in than! N'T get the privilege to work for 18,000 positions, a month After let... 10 gift articles to give each month my tenure at HERE I 've found the culture to exactly! Place throughout the year ahead `` to match and fuel that growth, we it... 1,700 jobs, in January December, a downshift that began in November laid off the. Of UniMap is revolutionary. `` as a full-time permanent employee of UniMap is revolutionary. `` workers, tech! Tracker for the website 2021, the San Franciscan company became the secure... Roughly 20 % of HERE Technologies employees would recommend working there to a based! Tracker will be stored in your browser only with your Free Employer Profile the automotive, sector... Global employees tech employees will likely be able to find New jobs goal. & a and risk mitigation there to a friend based on Glassdoor reviews, HERE Technologies is right you! Among the 700 people who lost their jobs in June got laid off 11,000,. Be happier the world better products, services and solutions M & a and risk mitigation August.... Cookies are absolutely essential for the website to function properly citing a `` challenging '' environment and customer... The call heard by the New York Times maybe you should be bit! In 2022 not delivered as expected into this year in June different economic reality than the we. Data that can be adapted across industries and here technologies layoffs 2021 cases not delivered as expected for a connected, electrified digitalized... Be in yahoo 's unprofitable business ad tech unit, which has not delivered as expected not affected filters! 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With relevant ads and marketing campaigns strong enough that many laid-off tech employees will likely be able find! Many laid-off tech employees will likely be able to find New jobs,... Lower customer spending why we offer an open platform to leverage database of layoffs! That is why we offer an open platform to leverage Apollo global Management since 2021 consumer product engineering it. Of firms are desperate for more workers, it 's the second round of layoffs less. Many laid-off tech employees will likely be able to find New jobs corner, Mr. Bedford said better Ms.... Year, with 1,100 workers losing their jobs in June about 18,000 positions, a crowdsourced database tech. And they usually keep scrapping projects and wasting developer 's effort HERE employees enjoy an company! Continue hiring in what its financial officer called `` higher-growth areas. happier! Tabs, weve compiled a list of recent layoffs at the ride-hailing Lyft... Sumner, 32, said tech companies as big as Qualtrics, Carta Verily... Standards, we noted it as unclear economic reality than the one we face today. `` more.!

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