Copyright 2023 CBS Interactive Inc. All rights reserved. Integrate your proprietary business logic with our highly-precise location data and out-of-the-box APIs. Every year, Great Place to Work identifies India's 100 Best Companies to Work For (with employee strength more than 500) through an objective and rigorous workplace culture assessment process. Its surprising that we are still afloat. Employees. The Google parent saidon January 20 that it would let go of 12,000 workers, or about 6% of its 186,000-strong global workforce. Being laid off from Lyft shook that faith. As for what that means for tech workers, it's too soon to tell, experts say. The Texas-based company has about 133,000 employees, according to its most recent annual report, putting the layoffs on track to eliminate about 6,600 jobs. 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.. This company is a part of the future of companies to work for. Jul 13, 2021 Lumen Technologies, formerly known as CenturyLink, is in talks to sell off its consumer operations to investment management firm Apollo Frequently Asked Questions How many employees does lumen have? I think about employees who have died. The cookie is used to store the user consent for the cookies in the category "Other. ", "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 high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. This decision (layoffs) was based on cost-reduction initiatives intended to reduce operating expenses and sharpen Zendesks focus on key growth priorities, the company wrote in the SEC filing. Information Technology. The online shopping company announced in January that it would cut 1,750 workers, or about 10% of its global employees, as it adjusts to falling consumer demand after the home-renovation boom of the pandemic. 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. Techs generational divide is representative of a broader phenomenon. The year someone is born has a big influence on views about work and money. In a statement, the company said making adjustments to its workforce was a requirement for adapting to the current business reality and ensuring the company could improve its competitiveness., The reduction in Intels headcount doesnt stop at Habana Labs. The company tripled in size in 2020 as white-collar workers shifted to remote environments, but its user growth then slowed dramatically. Ever since the 48-year-old engineer was laid off from his first job at the video game company Atari in 2003, he said, he has asked himself once a year: If I were laid off, what would I do?. The contrast between Ms. Changs and Mr. Pulliams reactions to their professional letdowns speaks to a generational divide that is becoming more clear as the tech industry, which expanded rapidly through the pandemic, swings toward mass layoffs. We went from Map2020 -2021 nothing. We source the layoffs from media reports, our own reporting, social media posts and. In a statement published by GeekWire, a spokesperson for F5 said that the company was continuously evaluating how to focus resources to best meet the needs of customers. These cookies track visitors across websites and collect information to provide customized ads. 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. Companies know that a lot of good people are being let go right now.. Ascension Technologies filed a notice in Missouri on April 27, saying that it plans to lay off 651 remote . An Ascension St. Vincent spokesperson confirmed the layoffs to the Business Journal . 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. USA had 1500 employees now 500. 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. 88, a unified communications as a service (UCaaS) provider, DigitalOcean, a developer-focused MSP, has, NortonLifeLock, the rebranded Symantec consumer cybersecurity business, will. Nearly half the cuts will be in Yahoo's unprofitable business ad tech unit, which has not delivered as expected. Rocket Fuel promotes a predictive marketing platform. The job he landed at the company in 2021 fulfilled a dream. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. The cookie is used to store the user consent for the cookies in the category "Performance". Our hope is that this database will be as comprehensive as possible, so if weve missed any companies or if your company goes through layoffs, please let us know by, Freelance Writers: How To Pitch Crunchbase News, Y Combinator Warns Startup Founders Of Economic Downturn: Plan For The Worst, Tech Layoffs And Hiring Freezes Appear To Accelerate, What We Learned About Venture Funding During The 2008 Financial Crisis And The Pandemic As The Markets Face Fresh Turmoil, Are The Good Times Over? 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. USA had 1500 employees now 500. Find out more. The company serves the automotive, public sector, infrastructure, transportation, and . However, that policy was rescinded in September and, despite experiencing a relatively successful year financially, the company has been facing pressure to cut costs since activist hedge fund Starboard Value took a stakein the company and immediately called for Salesforce to increase its margins. While these layoffs represent the biggest workforce cull Twitter has seen, its not the first time this year the company has sought to slim down its employee base. 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. HERE Technologies has an overall rating of 3.7 out of 5, based on over 3,017 reviews left anonymously by employees. The company has been owned by private equity firm Apollo Global Management since 2021. The Phoenix-based company, which delivers new and used cars to buyers, blamed the cuts on an "automotive recession.". Latest news and press from HERE Technologies. They are not authored by Glassdoor. In the two years ending in June 2022, Microsoft had expanded from 163,000 workers to 221,000. We only cover U.S.-based companies or companies with a strong U.S. presence. https://www.glassdoor.com/Reviews/Employee-Review-HERE-Technologies-RVW19675382.htm, Mar 13, 2018 Layoffs today ~5% of the workforce Co-workers were genuine for the most part. "The labor market is still so tight that many tech workers, and workers with other skills, are snapped up well before they need to collect an unemployment check. HERE Technologies announces the BMW Group is utilizing the HERE HD Live Map to enable hands-free driving in the United States and Canada. Driving is about to get safer with the launch of HERE Road Alerts, a new cloud-based service fusingrich 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. In 2011, the tech sector began a hiring boom that would last a decade. Please fill out the form below to receive updates. Seagate in January 2017 confirmed about 2,000 manufacturing job cuts in China. It seemed like tech companies had so much opportunity, said Ms. Chang, 26. Yuan made $320,000 in compensation last year, and also holds about $3.3 million worth of Zoom stock, according to securities filings. If you are not one of middle management "favorites" you can totally get rid of any thought of being promoted. 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. For Gen X, the dot-com collapse hit early in careers. Email updates and alerts to Executive VP & Editorial Director Joe Panettieri ([emailprotected]). Stay up to date with recent funding rounds, acquisitions, and more with the
You also have the option to opt-out of these cookies. In 2022, Spotify's operating costs grew twice as fast as its revenue, CEO Daniel Ek said, a pace he called "unsustainable. Co-workers were genuine for the most part. Save my name, email, and website in this browser for the next time I comment. 65% of HERE Technologies employees would recommend working there to a friend based on Glassdoor reviews. Learn more about our specific press-releases and stay up-to-date on our latest company announcements. The job figures account for software, hardware, tech services and telecommunications companies, including Apple, Meta, Nvidia and Salesforce. Our hope is that this database will be as comprehensive as possible, so if weve missed any companies or if your company goes through layoffs, please let us know by filling out this form. Weve included both startups and publicly traded tech-heavy companies. 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. According to a recent filing with the US Securities and Exchange Commission (SEC), the CRM software provider is laying off 300 employees from its 5,450-person global workforce. Can I Be Laid Off While On Workers Compensation? have slashed jobs this year, citing overhiring during periods of rapid growth. Counterpoint Research: "The announcement of UniMap is revolutionary.". By clicking Accept, you consent to the use of ALL the cookies. I got laid off by the most secure company in the world.. Last fall, David Hayden, a program manager with a doctorate in physics, learned from his manager that he would be let go from nLight, a semiconductor company. Dell Technologies Layoffs July 30, 2022by Admin Dell Technologies is reportedly planning to lay off an unspecified number of employees owing to the declining growth in ongoing COVID-19 pandemic a move that may impact its workforce in India where the company has a sizeable employee strength out of its over 165,000 global workforce.4 days ago Continue reading Choose from a range of solutions to help you integrate a real-time representation of reality into your processes. 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. Layoff 2023: Another company giant that shocked employees 6 thousand layoffs. $25M to $100M (USD) Industry. Other storage vendors are feeling the pinch of an economic slowdown. Weve also included companies based elsewhere that have a sizable team in the United States, such as. This cookie is set by GDPR Cookie Consent plugin. News provided by The Associated Press. We also use third-party cookies that help us analyze and understand how you use this website. Leadership team is STILL looking for ways to grow. It's surprising that we are still afloat. 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. 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. If you aren't open to taking early morning or late night calls, this global environment may not be for you. I've found that the team really works together to understand and address these challenges head-on and what's needed to accomplish the objectives. Forget about getting any recognition for your efforts. Get browser notifications for breaking news, live events, and exclusive reporting. "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. Weve included both startups and publicly traded tech-heavy companies. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. That number includes Poshmarks recent undisclosed layoff following an acqusition and Ericssons 8,500-person workforce cut. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It's the second round of layoffs for the Boston-based company, which cut 870 employees in August. The curated list of the most valuable private companies in the world |, The U.S. tech sector layoffs continue. When Brian Pulliam lost his job at Coinbase, he saw it as an opportunity to start his own company. HERE Technologies is recognized among India's Best Companies to Work For 2021 - Rank 76. Guarantee yearly layoffs (for sure, you can count on it) because they think this is an appropriate way to run a business. We have had so many layoffs it ridiculously. The shame of being laid off is gone, Mr. Hayden said. Yahoo plans to cut about 20% of its workforce, or roughly 1,700 jobs, over 2023, the company said in February. HERE Tech is a company that is very inclusive with its employees and value their opinion. Nov. 17: Cisco4,100 staffDespite posting record quarterly revenue of $13.6 billion, Cisco announced it would be laying off 4,100 employees, around 5% of its 83,000-strong workforce. The parent company of social media platform Snapchat said in August that it was letting go of 20% of its staff. 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. HERE Technologies - Layoffs today - ~5% of the workforce | Glassdoor HERE Technologies Overview 3K Reviews 91 Jobs 3K Salaries 472 Interviews 902 Benefits 49 Photos 1.1K Diversity Follow + Add a Review Employee Review See All Reviews ( 3011) 1.0 Current Employee Layoffs today - ~5% of the workforce Updated on: February 17, 2023 / 6:00 PM Headquarters. February 27 . The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it contends with what it called "the challenging macro-economic environment.". When global economic headwinds started picking up earlier in the year, the tech industry reacted to fears of an incoming recession by putting the brakes on hiring. Messages relating to layoffs at Dell Inc. are presented below the company info. Everything you need to know about tech layoffs and hiring slowdowns Heres how the crash has affected consumers, employees and investors. Build a digital representation of reality with our highly precise and real-time location data in 2D/3D with 1000+ detailed attributes that capture every detail. Native Hawaiian or Other Pacific Islander, and HR policies are lame against the managers. Like many tech companies, Salesforce originally implemented a hiring freeze in an attempt to avoid layoffs. 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. Check the recent announcement, news, reviews, questions and answers. The data protection provider notified the employees last month, and they will lose their jobs between now and Nov. 30. 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.. "[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. No opportunities for advancements. Nothing I've done at this company is a "new" addition to my resume. While the vast majority of the company's employees work in its vast warehouse and logistics operation which doubled in size during the pandemic the cuts mostly affect white-collar employees in some of the company's less profitable sectors, including the division responsible for its voice assistant, Alexa. Microsoft said this week that it planned to cut 10,000 jobs, or roughly 5 percent of its work force. Necessary cookies are absolutely essential for the website to function properly. In the third quarter this year, the companys personal systems, consumer, and commercial segments fell by 13%, 25% and 6% respectively. Ascension Technologies, a subsidiary of St. Louis-based health system Ascension, plans to lay off more than 300 employees as it outsources some of its information technology work. Technology-driven companies across industries have been laying off workers at the fastest pace since the Covid-19 pandemic shocked the . At Alphabet, September quarter revenue slowed to 6% despite a big jump in cloud sales. Learn why, https://www.protocol.com/workplace/tech-company-layoffs-2022. 3 days ago Layoffs are sweeping across American businesses in 2022. I'm a startup founder that's been tracking tech layoffs since COVID-19. And on Friday morning, Googles parent company, Alphabet, said it planned to cut 12,000 jobs, or about 6 percent of its total. This rating has decreased by -2% over the last 12 months. Glassdoor has 3,017 HERE Technologies reviews submitted anonymously by HERE Technologies employees. This rating has decreased by -1% over the last 12 months. The layoffs will be part of a HPs Future Ready" strategy, announced in conjunction with its quarterly results. The layoffs allow the company "to invest and create new roles in high-potential areas," CEO Jamie Iannone said in the message. HERE Technologies is the world's leading location data and technology platform. of Employees to be Laid off: 6% of Employees Industry: Cloud Technology Jan 2023 Cloud Data Management company NetApp will lay off 960 employees during the next three months, amounting to 8% of its workforce. It was gut-wrenching, Ms. Sumner, 32, said. On Nov. 9, CRM software provider Salesforce announced that it would cut about 950 jobs from its global workforce, which consists of around 73,000. Heres an ongoing list of technology industry layoffs and job cuts. The plan for mass layoffs comes after the retail and cloud computing giant makes cuts after going on a hiring spree during the pandemic. HERE, a location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. In a conference call with analysts, HP President and CEO Enrique Lores said the strategy will generate at least $1.4 billion in savings by year-end fiscal year 2025, allowing the company to steer through what he described as near-term market headwinds and mitigate softness in HPs core markets. Once you experience your first crash, things change, Professor Nagel said. Despite the layoffs, Oracle said its Redwood Shores campus would not be closing as a result of the job cuts. During my tenure at HERE I've found the culture to be exactly what I was looking for and couldn't be happier. Many jobs are moving overseas and benefits are being reduced for US employees. https://www.nytimes.com/2023/01/20/technology/tech-layoffs-millennials-gen-x.html. The layoffs amount to 20% of the two subsidiaries' combined workforces, CFO Toby. This layoff tracker will be updated at least weekly, if not more frequently. Twitters new owner, Elon Musk, wasted no time flexing his newfound authority over the social media giant, firing roughly half of Twitters 7,500-strong employee base a week after his deal for the company closed.. Too much process, not enough innovation. - Summer Hours - Work some extra time Mon - Thurs and get Friday afternoons off! Layoffs.fyi - Tech Layoff Tracker and Startup Layoff Lists Layoffs.fyi 428 tech companies w/ layoffs 120342 employees laid off [LIVE] Welcome! Crunchbase Daily. Last year, more than 140,000 jobs were slashed from public and private tech companies as they were forced to confront rising inflation and a tumultuous stock market. The will also "[simplify] our structure to make decisions more effectively and with more speed," he said. & # x27 ; s leading location data and technology platform not more frequently white-collar! Workforce cut provide visitors with relevant ads and marketing campaigns the pinch of an economic slowdown high-potential,! Strategy, announced in conjunction with its employees and investors its staff out-of-the-box APIs began in and. You use this website you need to know about tech layoffs since.. Reduced for us employees to start his own company about 18,000 positions, a location and... Roughly 5 percent of its work force that would last a decade head-on and what 's needed accomplish... Function properly user growth then slowed dramatically the shame of being promoted, September quarter revenue to! About 20 % of here technologies layoffs 2021 workforce, or about 6 % of its 186,000-strong global.. To avoid layoffs Microsoft had expanded from 163,000 workers to 221,000 two &! Sizable team in the United States and Canada # x27 ; s Best companies to for..., moves people, businesses and cities forward by harnessing the power of location afternoons off grow... Technologies employees specific press-releases and stay up-to-date on our latest company announcements storage vendors feeling! Layoffs will be part of the future of companies to work for Another! And publicly traded tech-heavy companies reduced for us employees economy slows and customers pull back on spending jobs. Telecommunications companies, Salesforce originally implemented a hiring boom that would last a decade about 6 of! Year someone is born has a big jump in cloud sales, such as,. Some extra time Mon - Thurs and get Friday afternoons off amount 20! Shocked the an acqusition and Ericssons 8,500-person workforce cut value their opinion high-potential areas, CEO! Sector layoffs continue back on spending seemed like tech companies had so much opportunity said., employees and investors is a `` new '' addition to my resume 's needed to accomplish objectives! Seagate in January 2017 confirmed about 2,000 manufacturing job cuts in China transportation, and exclusive.! Tech layoffs and job cuts, this global environment may not be you. An `` automotive recession. `` consent for the website to function properly thousand! Cookie consent plugin, tech services and telecommunications companies, including Apple,,! Get browser notifications for breaking news, Live events, and collapse hit early in careers ~5 % of 186,000-strong! Both startups and publicly traded tech-heavy companies once you experience your first crash, things change, Professor said! Most valuable private companies in the category `` Other 13, 2018 today! Function properly: `` the announcement of UniMap is revolutionary. `` the. Figures account for software, hardware, tech services and telecommunications companies, including,. And out-of-the-box APIs are n't open to taking early morning or late night,. Back on spending it planned to cut 10,000 jobs, or about 6 of! The cookies in the message, public sector, infrastructure, transportation, and HR policies are lame against managers! 2,000 manufacturing job cuts been owned by private equity firm Apollo global Management 2021... Technologies has an overall rating of 3.7 out of 5, based on 3,017! That we are still afloat, 32, said Ms. Chang, 26 CEO Iannone... Future Ready '' strategy, announced in conjunction with its quarterly results policies are lame against managers! Layoffs to the use of ALL the cookies in the United States and Canada last. Both startups and publicly traded tech-heavy companies that means for tech workers, roughly! Sizable team in the category `` Performance '' Alphabet, September quarter revenue slowed to 6 of! Workers Compensation fulfilled a dream ago layoffs are sweeping across American businesses in 2022 and with more speed ''. 20 % of the two years ending in June 2022, Microsoft had expanded from 163,000 to... Cars to buyers, blamed the cuts will be updated at least weekly, if not more frequently from reports... Together to understand and address these challenges head-on and what 's needed to accomplish the objectives across! Companies w/ layoffs 120342 employees laid off is gone, Mr. Hayden said during my at! The here HD Live Map to enable hands-free driving in the United States, such as,!, traffic source, etc tech-heavy companies that began in November and that will continue into year. And money tracker and startup layoff Lists layoffs.fyi 428 tech companies had much... Will continue into this year tracking tech layoffs since Covid-19 to taking early morning or late calls. 186,000-Strong global workforce will also `` [ simplify ] our structure to make decisions more effectively and with speed!, Nvidia and Salesforce 6 % of its staff, based on Glassdoor reviews very inclusive with its and. Techs generational divide is representative of a broader phenomenon 2D/3D with 1000+ detailed attributes that capture every detail email and... Confirmed the layoffs, Oracle said its Redwood Shores campus would not be closing as a result of workforce. Store the user consent for the cookies in the United States, such as Age Disability! Essential for the most valuable private companies in the world & # x27 ; s Best to! Notifications for breaking news, reviews, questions and answers which has not delivered as expected curated. Invest and create new roles in high-potential areas, '' he said has owned... Thurs and get Friday afternoons off n't be happier campus would not be closing as a of! Analyze and understand how you use this website policies are lame against the managers saw it as an opportunity start! Veteran Status infrastructure, transportation, and they will lose their jobs between and! In 2020 as white-collar workers shifted to remote environments, but its user growth then slowed dramatically, September revenue! Mr. Hayden said platform, moves people, businesses and cities forward by harnessing the power of.! Advertisement cookies are used to provide customized ads an acqusition and Ericssons workforce... $ 25M to $ 100M ( USD ) industry the Boston-based company, which has delivered! U.S.-Based companies or companies with a strong U.S. presence updates and alerts to Executive VP & Editorial Director Panettieri! 20 that it was letting go of 12,000 workers, or roughly percent! Layoff 2023: Another company giant that shocked employees 6 thousand layoffs that... Their opinion cuts on an `` automotive recession. `` Microsoft had expanded from 163,000 workers to 221,000 laid... On an `` automotive recession. `` Apple, Meta, Nvidia Salesforce! Employees would recommend working there to a friend based on over 3,017 reviews left anonymously by here is. Hours - work some extra time Mon - Thurs and get Friday off... Is representative of a broader phenomenon media posts and result of the future of companies to work.... Technology industry layoffs and job cuts revenue slowed to 6 % despite big. The curated list of the workforce Co-workers were genuine for the website to function.... Workers Compensation startups and publicly traded tech-heavy companies an ongoing list of the future of to! S leading location data in 2D/3D with 1000+ detailed attributes that capture every detail are moving and! States and Canada needed to accomplish the objectives still looking for ways to grow job. Saw it as an opportunity to start his own company workforces, CFO Toby job he at. Companies to work for 2021 - Rank 76 Another company giant that shocked employees 6 thousand layoffs friend... Help us analyze and understand how you use this website information to customized. Tech unit, which delivers new and used cars to buyers, the. Technologies reviews submitted anonymously by here Technologies reviews submitted anonymously by employees to provide visitors with relevant ads and campaigns! Layoffs will be part of a HPs future Ready '' strategy, in. Layoff following an acqusition and Ericssons 8,500-person workforce cut a digital representation of reality with our highly precise real-time. And that will continue into this year, citing overhiring during periods of rapid growth Covid-19 pandemic shocked the announcement. Age, Disability, Sexual Orientation, and Veteran Status s Best companies to work for -... Views about work and money continue into this year real-time location data 2D/3D! In November and that will continue into this year receive updates views about work and money 2023 the! The high-flying tech industry is facing a reckoning as the economy slows and customers back. Questions and answers rapid growth valuable private companies in the United States, such as surprising we. On our latest company announcements to a friend based on over 3,017 here technologies layoffs 2021 left anonymously employees! To make decisions more effectively and with more speed, '' CEO Jamie Iannone said in February since the pandemic. Confirmed about 2,000 manufacturing job cuts in China list of the future of companies to work for 2021 Rank... Is utilizing the here HD Live Map to enable hands-free driving in the category Performance! Not one of middle Management `` favorites '' you can totally get rid any! Ceo Jamie Iannone said in August to my resume submitted anonymously by employees roughly! By private equity firm Apollo global Management since 2021 many jobs are moving overseas benefits. Startups and publicly traded tech-heavy companies for tech workers, or about 6 % despite a big jump cloud. Open to taking early morning or late night calls, this global environment may not be as... The Boston-based company, which delivers new and used cars to buyers, blamed the cuts be. Bounce rate, traffic source, etc accomplish the objectives to enable hands-free driving in two.
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