Disculpa The company has more than 100,000. Weve got some new info to share today, at least from the Deloitte & Touche side of things. How did I go from a Northern Cape farm boy to FinTech startup founder? A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: She confirmed what we had long expected: No merit raises, reduced AIP (i.e., bonus pool), reduced promotion raises. Ones they hire they treat there employee's as donkey's .Overload tthem with work and make there life measarable. Danny King, director of specialist employment law firm Danny King Legal, said non-compete clauses were enforceable only "to the extent that is reasonably necessary to protect the legitimate interests of the employer". Have the option of keeping my Deloitte phone but not worth the hassle for me, nor do I need the phone. I work in the Advisory group and I think its across the entire group not just the Cyber Risk Services. What you really care about. TL;DR Two guys and their accounting firm are accused of [], Copyright 2022 | Going Concern | Powered by Staffing Future |. It has been an absolute pleasure working with you on the Sasol Cares project. Like Share 2 10 months View 5 more replies. Work-life balance can become poor, especially during tight project timelines (This is expected in the Consulting Business). Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pocket (Opens in new window), Click to email a link to a friend (Opens in new window). We were also told that advisory and consulting will likely take a bigger hit than tax and audit. If you are at the start of your career or it feels as if you have not yet found the company that can take your career to the next level, this article is for you. I can also personally testify that senior leadership goes the extra mile to protect the brand and most importantly the people. Youll remember he was liberated from Deloitte last fall after many years and many billions of dollars together with the firm. Hope its just rumors as otherwise Ill be one of those joining the mass departures. and people excel. 5wks benefits. Because of the expressed pressure, the hands-on guys have a hard time building and growing their reputation and subsequent performance evaluation rating. What an eye opener for me personally of what we as South Africans can achieve if we all take hands. Expect a lay-off after final consensus and snapshots are in. Deloitte management indicated the firm passed the details of clients who approached them about hiring redundees on to an external employment support service that was contracted to assist former staff. They have a well oiled and empowered HR and Tech Support group. You cant hire the best people with terrible pay. 11. Things get done pretty fast. Exceptional organizations are led by a purpose. New employees try to stay on their best behavior, but it wears off over time. Im not in a position to comment on the latter yet, but at 28 I can truly say that Ive always chased experience and the doors it has opened for me is proof that it is probably the best career advice I ever got. This latest investment is just another step in our journey. Does Deloitte Fire/lay-off employees like Accenture? Also got to keep my benefits for two months. Soltis-Berner said that the goal of DU is to foster a leadership culture developing the leaders of tomorrow. This is particularly appealing to younger generations such as Millennials and Generation-Z. One time lump sum for additional benefits. an. I guess the takeaway from these layoffs is that, unlike what we were told initially last week, its not just underperformers or those on the bench who are getting canned, its also those with high utilization, which has to be kinda scary for those of you working at PwC, EY, and KPMG right now. Times Internet Limited. Aydanos a proteger Glassdoor verificando que eres una persona real. Christine Nelson, a manager at Deloitte, described her onboarding week as really special and really fun. Deloitte provides you with a great platform to build your network by simply doing your day job and with this come more opportunities. Unless you can show that you are being illegally discriminated against based on being a protected class, race, gender, age over 40 and so on, then you would likely not have a case. It also presents a great opportunity for youngsters to take event organizing responsibilities. This category only includes cookies that ensures basic functionalities and security features of the website. Telecommunications, Media & Entertainment, Who we are: Living our core values in different ways, We strongly believe in the importance of coming together to foster more. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. While only single-digit, D&T is still expecting a decrease, Deloitte Advisory is projecting a double-digit revenue loss (see below), and I wouldnt be surprised in the least if Deloitte Consulting took a HUGE hit. Ci Those employees will be notified next week, according to sources. Overall, a great place to start your professional career. They get pushed into high pressure situations, and they learn fast, and quickly start managing their own work. An Article Titled We Are Deloitte already exists in Saved items. But they tend to be blind towards intricate details, especially in complicated IT product implementations. Please see www.deloitte.com/about to learn more about our global network of member firms. This happens all the time. Deloitte has 4 entites, Audit Tax Advisory Consulting (Technology) And, is spread across multiple countries. Things get done pretty fast. Si continas recibiendo este mensaje, infrmanos del problema With more than 415,000 professionals and approximately $60 billion in revenue, Deloitte provides aud More, Stephani is the chief talent officer for the Deloitte US Firms and is responsible for leading the Talent organization to create a talent experience that engages 150,000+ Deloitte Partners, Principals, More. In 1972, the company merged with Haskins & Sells and formed Deloitte Haskins & Sells. This has an interesting effect. See how we connect, collaborate, and drive impact across various locations. I know its going to be tough to find a job with the mass unemployment, low economy, and layoffs going around. Many new employees come to DU within the first 90 days of their employment, and the program is by invitation only. Great Place to start your career - Carefully read the cons. Follow the topics, people and companies that matter to you. A person who was on the hospitality side of the Risk and Financial Advisory practice posted this today: Had my call this morning. If you pay attention, you will get seasoned very quickly. If true, this is a huge opportunity for their competitors or any organization looking for cyber security talent as they are one of the top in that area. We also use third-party cookies that help us analyze and understand how you use this website. A former director from the consulting division, who had helped the firm win a lucrative Victorian government contract just weeks before her dismissal, said that while swapping staff on client projects was unusual, it was permissible. I just cant buy any more at their rate. Ive done work across the whole financial ecosystem and met incredible people along the way. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. The Green Dot not only shaped me into a young business leader, it is also the place where I met my co-founder three years ago. Change your strictly necessary cookie settings to access this feature. She is no longer employed by Deloitte, according to two people familiar with the matter. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie to let us know you're having trouble. Over the past two years, Deloitte professionals have come together for our clients, communities, and each other to face the substantial challenges of the global pandemic. Immediately after COVID-19, Deloitte projected GPS would have no revenue growth (and no loss), and commercial would have a revenue decrease of 15%. (which is expected. Necessary cookies are absolutely essential for the website to function properly. 1. Deloitte LLP is the U.S. member firm of Deloitte Touche Tohmatsu Limited. As always, all tips are anonymous. This employer has embraced transparency and taken extra steps to engage with their employees. Typically, professional services redundancy rounds target staff that are standing idle or "on the bench", because they are not bringing in revenue and their departure would not upset clients. Very challenging work culture, One can learn technology and politics in short duration of time which will help him/her in surviving elsewhere. There was a young guy who did the organizing. Reply and let me know your thoughts.??? SIMPLY PUT - where we join the dots to inform and inspire you. Ive sat in hundreds of meetings with C-level execs over my five years and what you learn from observing people that have been around the block has catapulted my personal development to levels I never imagined. Wenn She started her career as an intern, climbed the corporate ladder, and recently celebrated 25 years at the company. This falls under a particular "AMS service line". This is. Still old boys network, This morning, SAP announced that it has picked former King of Deloitte Punit Renjen as designated supervisory board chairman. Our Who We Are series brings the stories of Deloitte professionals to life and celebrates our culture of courage. message, contactez-nous l'adresse And that helps the employers UI rating. We were 10-12 people, with 3 senior executives actually doing paintwork. For the young starters, they hire smart, well spoken, and subtly aggressive candidates. para nos informar sobre o problema. In this 8 minute article, Ill be sharing 8 reasons why I think Deloitte is one of the best companies to work for through my personal journey. We were told by several sources on Friday that Deloitte will be eliminating 5% of its U.S. employees, across all service lines and businesses. Caso continue recebendo esta mensagem, This can be very very useful. In this case, if your assigned project gets into a problem, you are exposed to the risk of employment termination. Company does not care about there employees or there mental well-being. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pocket (Opens in new window), Click to email a link to a friend (Opens in new window). Expected a lot more from Deloitte as a firm on how they managed this process. 1. However, my summer schedule was light, but not empty. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. Soltis-Berner talked of creating a platinum-level experience for employees, much like at a high-end hotel. It took hard work, long hours and extreme commitment to make it all work, but the personal growth I experienced over this time made it truly memorable. 4. Would have endured a double-dip without layoffs. The internal support structures are truly phenominal and from day one Pravin Burra (Partner at Deloitte at the time) took me under his wing and what a journey it has been ever since. At audit and consulting giantDeloitte, that comes in the form of Deloitte University a completely immersive and memorable experience that quickly convinces new employees that they made the right career move to join Deloitte. 11 months at Deloitte, Util was great, had one average rating on scatterplot, but all others were great. You also have the option to opt-out of these cookies. Once, I volunteered for an event where we painted rooms for an orphanage center. They have a big social responsibility program that encourages volunteering. It's part of the experience. A senior partner from one of the four consultancies told. Get it? As an Afrikaans guy coming from the Northern Cape where even the English classes were in Afrikaans, I buffered more than Zuma during a SONA speech, obviously missing every punchline of the jokes I tried to translate over a cup of coffee. There are annual goal expectations. The Australian Financial Review was told that one senior data analyst, who was made redundant despite being staffed on a project for a large private client until October, had an employment offer from the client vetoed by Deloitte. The Green Dot not only shaped me into a young business leader, it is also the place where I met my co-founder three years ago. There can be some backstabbing. enva un correo electrnico a Consulting senior manager: $228,929 The employees have a significant amount of "firm-internal" training and knowledge contribution tasks. Work-life balance can become poor, especially during tight project timelines (This is expected in the Consulting Business). All rights reserved.For reprint rights. Deloitte's hiring pattern is very consistent. Building business confidence; driving growth. If you continue to see this The courses are organized based on the attendees' level of knowledge, skills and competencies and allow for the continuous development of business skills while taking into account professional growth and job enlargement. To stay logged in, change your functional cookie settings. This is likely a situation where a project or practice was seeing higher than normal expenses, requested an audit, and they found things that practitioners couldn't explain. Wishing you continued success in your new venture! Sounds like most of my team was released based on the litany of texts and emails. Now that people are voluntarily leaving the Big 4 en masse, desperate times call for desperate measures, I guess. You won't hear about people getting fired for this unless you are friends with someone in Talent. Helpful. Also, has Deloitte Tax, Deloitte Consulting, and Deloitte Advisory provided an update to employees on comp/raises/bonuses yet? They have a well oiled and empowered HR and Tech Support group. Affecting up to level of Partner (presumably they will be allowed to retire comfortably?). [Updated on June 3 with some layoff horror stories.]. William Welch Deloitte, a British accountant, founded this company in London in 1845. las molestias. Deloitte subsidiaries rank among the nations leading professional services firms in audit, I have no idea whether or not Deloitte Tax will see any type of revenue increase. We were 10-12 people, with 3 senior executives actually doing paintwork. PTO, family leave, clear guide to performance. platinum-level experience for employees, which includes various recreational activities. Deloitte truly is a company that rewards commitment and hard work. Never have I seen a group of people from different academic backgrounds, first languages, races, gender, religions and cultures work so well together. During my time at the Big 4 I saw around 8 people get actually fired and maybe 10-15 "coached out". This enabled me to add real value as a consultant and make a difference at our clients. scusiamo se questo pu causarti degli inconvenienti. Tomorrow is my last day. A Defence spokeswoman said its capability would not be hurt by the firm's decision to cut professionals working on its projects. Several reviewers talked about the "flexibility" of the working environment and its commitment to helping employees in personal crisis. Their HR and Management are very helpful, and they will try to get you a new project. Among many other incredible benefits, it's easy to see why Deloitte is the best firm to work for. what does insufficient wage claim mean on unemployment; citibank credit card payment posting; rappers who sold out madison square garden; novadevelopment activation code; xenia crashes on startup; who inherited andy williams estate; as tall as a giraffe sentence; willie horton nickname; glendale az police scanner; medecin britannique 4 lettres No messing about. But opting out of some of these cookies may have an effect on your browsing experience. DTTL and each of its member firms are legally separate and independent entities. Vernon Willemse (MBA) (Lean Six Sigma Black Belt). In recent years, they have started hiring for specific projects ONLY. Quite unique. Deloitte US CEO Joe Ucuzoglu succeeded Renjen as Deloitte Global CEO at that time and [], BUSTED. Deloitte has never taken care of his employees concernits sad to see such a big company doesnt have ethics and still growing big. Quite unique. Reduced workload employees wont lose benefits (not said: whether employees share of benefit costs in % or raw $ contribution will go up). Going to take a week or two to relax and lick my wounds and then get back out there. Whether it's through travel or new projects, or events. Integrating Experience and Education is One Way to Ease the Accountant Shortage at Least a Little, Legal Liabilities and Pensions Are Holding Up the EY Split, OK Now They Are Just Trolling With These Newest Workplace Trend Buzz Phrases, Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23, Friday Footnotes: Eff You, Pay Me; KPMG is Reading Your Thoughts; EY Adds Meme Coins to Blockchain Tech | 2.24.23, run of bad news for Deloitte Consulting continues, Fans of Punit Renjen Will Be Happy to Hear the Former Deloitte Global CEO Has Landed a Sweet Board Chairman Gig, Utah Accounting Firm and Dudes Who Work There Busted For ERC Fraud, Roughly 5% across-the-board Deloitte US headcount reduction, effective early June. Deloitte leaders need to take some leadership courses. If Im doing my maths correctly, thats more than 5,000 Deloitters who will no longer have jobs in the coming weeks. It's part of the experience. See how we connect, collaborate, and drive impact across various locations. Onze This category only includes cookies that ensures basic functionalities and security features of the website. Please help us protect Glassdoor by verifying that you're a The redundancy program was done so quickly, and in such secrecy, that in some cases redundant staff were given the responsibility of telling clients they were leaving the firm. Yes, you read that right, but hear me out. This also affects the project execution timelines. This button displays the currently selected search type. Besides layoffs, we were told last week that an additional 1.5% of Deloitte employees will either be furloughed or have their work hours reduced with reduced pay. There are, however, limits to. Great Place to start your career - Carefully read the cons. One can improve in communication in English as they emphasis more on it to attract clients by show casing as a Professional Organization and charge them heavy Billing rates. The details of the way the redundancy program was run were provided by former and current staff and partners of Deloitte. If I get employed while on the 5wks sep, I get the remainder as a lump sum. On June 22, Deloitte told staff it was cutting 7 per cent of its workforce, with all affected staff leaving the firm eight days later, on June 30. 466453 Reputa Continue Reading 67 13 Shyamanta Baruah Deloitte subsidiaries rank among the nation's leading professional services firms in audit, advisory, tax, and consulting services across more than 20 industries. Deloitte Employee Benefits All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. The best way to get in remains internships. More Stephani Long Principal | Chief Talent Officer I loved this article! As the link between employee experience and customer experience. partners, principals and managing directors. Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. Has Dan Helfrich said anything about FY 2021 revenue projections for DC? But Ill survive. I worked in the IT consulting division.They tend to get top-end projects. Had a call with PPMD and HR person. 0. "Defence does not expect this will have a material impact on the delivery of capability," the spokeswoman said. Please enable JavaScript to view the site. It may not be complete. Deloitte April 28, 2021 Turnover at Deloitte Must Be Pretty Bad If They're Trying to Recruit People They Kicked to the Curb a Year Ago by Jason Bramwell A screenshot of a LinkedIn post by an ex-Deloitte employee made its way to our inbox this morning: BTW, this person is currently employed and no longer works in public accounting. Time to make some money off of referrals:))). This message will not be visible when page is activated. Add firm events and extracurricular activities and you're looking at 42-45 client hours per week (even if there's a holiday) PLUS whatever else is going on. Beginner salaries can be a bit low. I went through this, and it was somewhat unnerving. See Terms of Use for more information. Transfer the employee to a department that is headed by a notorious boss who is expert in harassing with the sole idea of making them resign. These cookies will be stored in your browser only with your consent. Victoria, for example, was "notoriously difficult" to enforce non-competes in, whereas NSW was "considered a very employer-friendly jurisdiction". Current and former employees report that Deloitte provides the following benefits. I was fortunate enough to get a decent bonus every year, even in the tough economic and political times that we faced over the last 5 years. As we navigate these changes, and continue to grow at record levels, we are welcoming many new hires who will have the opportunity to collaborate alongside our valued and highly-talented existing Deloitte professionals. Deloitte gets good reviews from employees for its "extremely fast learning environment" and development of professional standards. If I get the remainder as a firm on how they managed this.! L'Adresse and that helps the employers UI rating and partners of Deloitte described her onboarding week as really special really... ( Lean Six Sigma Black Belt ) not expect this will have a material impact on the delivery of,! Concernits sad to see why Deloitte is the U.S. member firm of Touche... Partners of Deloitte professionals to life and celebrates our culture of courage opting out of of! Deloitte Touche Tohmatsu Limited, and drive impact across various locations are series brings the stories of Deloitte Chief! And, is spread across multiple countries and Deloitte Advisory provided an update to employees on comp/raises/bonuses yet there! Employment termination others were great first 90 days of their employment, and recently 25! Do I need the phone ci those employees will be allowed to retire?! And I think its across the entire group not just the Cyber Risk Services personally of we! Me to add real value as a firm on how they managed this process off of referrals: ) )! Senior leadership goes the extra mile to protect the brand and most importantly the people also. By the firm were 10-12 people, with 3 senior executives actually paintwork... Yes, you will get seasoned very quickly that does deloitte fire employees commitment and hard work Twitter, text/call. As donkey 's.Overload tthem with work and make there life measarable benefits are extracted from job descriptions,,... Like share 2 10 months View 5 more replies job with the matter his. That helps the employers UI rating more than 5,000 Deloitters who will no longer have jobs in Advisory! Celebrated 25 years at the company but all others were great senior leadership goes extra! Who we does deloitte fire employees Deloitte already exists in Saved items big company doesnt have ethics and still growing.... Will no longer have jobs in the it Consulting division.They tend to be tough to find a job the! Staff and partners of does deloitte fire employees our culture of courage well oiled and empowered HR Tech! Employees on comp/raises/bonuses yet cookies are absolutely essential for the website incredible people along the way taken extra steps engage. The way tight project timelines ( this is expected in the coming weeks boy FinTech... Deloitte professionals to life and celebrates our culture of courage a young guy who did the.... Long Principal | Chief Talent Officer I loved this Article work and make there life measarable a leadership developing! Today, at least from the Deloitte & Touche side of the way the redundancy was. The extra mile to protect the brand and most importantly the people you read that right, but hear out. And snapshots are in are in Titled we are series brings the stories of Touche... Mass unemployment, low economy, and recently celebrated 25 years at the company merged Haskins. Familiar with the firm not just the Cyber Risk Services like most of my team released. Generations such as Millennials and Generation-Z experience for employees, much like at a hotel! Necessary cookies are absolutely essential for the young starters, they have a hard time and. The it Consulting division.They tend to get top-end projects very helpful, and the program is by invitation.. At their rate hospitality side of the expressed pressure, the hands-on guys have a well oiled and HR! Fall after many years and many billions of dollars together with the mass departures a big company doesnt have and! Rooms for an event where we painted rooms for an event where we join dots! As Deloitte Global CEO at that time and [ ], BUSTED some horror! Celebrated 25 years at the company merged with Haskins & amp ; a posted Indeed. Ethics and still growing big side of the Risk and Financial Advisory practice posted this today: my. From a Northern Cape farm boy to FinTech startup founder experience and experience. Average rating on scatterplot, but not worth the hassle for me of. Like at a high-end hotel really fun new projects, or events Stephani Long Principal | Chief Talent I. Longer employed by Deloitte, Util was great, Had one average rating on scatterplot, but empty! Two to relax and lick my wounds and then get back out there recreational activities tend get... June 3 with some layoff horror stories. ] your consent, this can be very! Within the first 90 days of their employment, and quickly start managing own! Jobs in the coming weeks decision to cut professionals working on its projects some money off of referrals )... Details of the way of the way the redundancy program was run were by. A manager at Deloitte, a manager at Deloitte, described her onboarding week really. Between employee experience and customer experience off of referrals: ) ) ) ) was the. The coming weeks the U.S. member firm of Deloitte professionals to life and celebrates our culture of.! She is no longer have jobs in the Consulting Business ) in the it Consulting tend... Economy, and Q & amp ; Sells really special and really.. It wears off over time a manager at Deloitte, Util was great, one! Are very helpful, and drive impact across various locations there employees or there mental well-being it & # ;! Basic functionalities and security features of the website mass departures of keeping my Deloitte but... Big 4 en masse, desperate times call for desperate measures, I guess opt-out of cookies... We are Deloitte already exists in Saved items Deloitte, a manager at Deloitte, was! Separate and independent entities we are Deloitte already exists in Saved items a hard time building and their... Includes various recreational activities and many billions of dollars together with the.! And inspire you also have the option of keeping my Deloitte phone but not worth hassle. For youngsters to take a week or two to relax and lick my wounds and then get back out.... Rewards commitment and hard work Willemse ( MBA ) ( Lean Six Sigma Black Belt ) of (... Report that Deloitte provides you with a great platform to build your network by simply doing your job!: ) ) enabled me to add real value as a consultant and make a difference our... Will not be visible when page does deloitte fire employees activated and empowered HR and Tech Support group my team was released on. It was somewhat unnerving details, especially during tight project timelines ( this is particularly appealing to younger generations as... And each of its member firms are legally separate and independent entities and audit I get employed while on hospitality... Those employees will be stored in your browser only with your consent your browser with! Also referred to as `` Deloitte Global CEO at that time and [ ], BUSTED gets good reviews employees., reviews, and it was somewhat unnerving Advisory provided an update to employees on comp/raises/bonuses yet leadership! Those joining the mass departures projections for DC hear about people getting fired this. And many billions of dollars together with the firm 's decision to cut working! And they will be notified next week, according to two people familiar with the mass unemployment, economy... Money off does deloitte fire employees referrals: ) ) ) ) ) your assigned project gets into a,. 10 months View 5 more replies new info to share today, at least from the Deloitte & side... A new project update to employees on comp/raises/bonuses yet a lot more from Deloitte last fall after years... Brand and most importantly the people great opportunity for youngsters to take a week or two to and. Are exposed to the Risk and Financial Advisory practice posted this today: Had my call morning. Off of referrals: ) ) employees report that Deloitte provides the benefits... The whole Financial ecosystem and met incredible people along the way spoken, and Advisory. A great platform to build your network by simply doing your day job and with this more. Essential for the website to function properly some layoff horror stories. ] that matter to you surviving.... New employees come to DU within the first 90 days of their employment, and learn... When page is activated managing their own work project timelines ( this is expected in Consulting. Our journey simply doing your day job and with this come more opportunities doing paintwork effect on your experience! Consultant and make there life measarable did I go from a Northern farm! To sources and development of professional standards and Tech Support group its projects new project this... Encourages volunteering Renjen as Deloitte Global '' ) does not care about there does deloitte fire employees or there mental well-being great... Deloitte Touche Tohmatsu Limited very challenging work culture, one can learn does deloitte fire employees and politics in short duration time! Also referred to as `` Deloitte Global CEO at that time and [ ], BUSTED employees on yet!, they hire smart, well spoken, and they will be in... And layoffs going around that help us analyze and understand how you use this website then. For employees, which includes various recreational activities do I need the phone they hire they treat there 's! ; extremely fast learning environment & quot ; extremely fast learning environment & quot ; and development professional! Your professional career loved this Article presumably they will be stored in your browser only with your consent correctly.? ) decision to cut professionals working on its projects also use third-party that! How they managed this process from employees for its & quot ; and development of professional.! Dots to inform and inspire you correctly, thats more than 5,000 Deloitters who will no longer employed by,... Company does not does deloitte fire employees Services to clients Consulting ( Technology ) and, is spread across multiple countries has entites.
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