kemper insurance layoffs

Spains largest telco, Telefnica, is set to lay off 2700 workers as part of a job redundancy plan aimed at reducing costs. The artificial intelligence (AI) lending platform Upstart is laying off 365 employees due to reduced demand for lending. 2009 Richard Kramer, CEO of the company, said, While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.. PayPal will cut about 7 percent of its workforce or about 2,000 full-time workers. Kemper Insurance Management. High ratings through both A.M. Best and the BBB. The majority of employees will be laid off on July 31, the day the manufacturing plant is scheduled to stop operations. Googles parent company, Alphabet plans to lay off 12,000 employees across sections. Thankful for the 2 weeks of pay and severance, still mind blowing. I got it via word of mouth from a Kemper employee yesterday afternoon. . https://thebloomfirm.com/. GE was 103.4% for 1H22 which is 20% higher than the same timeframe in 2020. Becoming an independent insurance agent also gives them more control over their career and the ability to set their rates. Robinson Worldwide has laid off approximately 650 employees. Browse reviews, directions, phone numbers and more info on Kemper Investors Life Insurance Company. Owning a home. -- This content requires a subscription -- Already a subscriber? https://beinsure.com/us-auto-insurance-performance-underwriting-results-drops-on-inflation/. GoStudent, Europes first edutech unicorn, is laying off 200 employees about 10% of its workforce. Apply online instantly. Peloton laid off roughly 3,000 workers in February and cut more than 500 overseas roles last month. The company said it would transition the Windsor Assembly Plant from two shifts to one. Get in touch directly using our contact form. In a massive overhaul of Albertas health-care system citing the ongoing pandemic, Alberta Health Services (AHS) is to lay off Between 9,700 and 11,000 employees. You'll start with a . Few experience adjusters will even work at that company and Temps(Contractors) often decline placement there. To fuel Vyeptis future growth, the Danish company is cutting jobs. The measures are part of a plan announced by Chief Executive Officer Frederic Oudea last December when the bank pledged to save 450 million euros by merging its two existing networks in France, Societe Generale and Credit du Nord. What does this have to do with my AVP telling us we are safe and then half of my team is randomly gone with no explanation? By 1919, Lumbermens had offices around the country. The Mich.-based chemicals company said it is targeting $1 billion in cost cuts this year as slowing economic growth and a drop-off in demand weigh on sales. Kemper Overview 1.8K Reviews 358 Jobs 1.6K Salaries 201 Interviews 274 Benefits 12 Photos + Add a Review Kemper Employee Reviews about "high turnover" Updated Nov 12, 2021 Find Reviews Clear All Full-time, Part-time English Filter Found 19 of over 2K reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First Olive, a tech startup that uses artificial intelligence to automate healthcare tasks, is freezing new hires amid a wave of digital health companies laying off employees and tech giants slowing their hiring. Youll start with a paid license preparation/ training period and support to help you obtain the required licenses!As an Insurance Sales Agent, you will begin with an already existing . However, if your suit is unsuccessful, you may be US jet engine maker Pratt & Whitney is set to stop manufacturing compressor blades at Blades Technology Ltd. (BTL) in Nahariya after more than 40 years. Sema4, a Stamford-based genomic-testing biotech company, has laid off approximately 500 jobs, closed its Stamford laboratory, and ended reproductive health testing. According to Kemper, labor rates, auto body repairs and rental car rates all continued to rise due to inflationary trends related to supply chain issues and labor shortage. Similarly, Meta laid off over 11,000 employees in early November 2022, reducing its workforce by 13%. Edtech firm Vedantu went for the second round of lay-offs in May. Collectible toymaker Funko is laying off 258 employees at warehouses in Everett and Puyallup, Washington, in a move to consolidate distribution operations at a single site in. Sorry, this post was deleted by the person who originally posted it. of Employees to be Laid off: 1300 Industry: Manufacturing Jan 2023 Copyright 2023 by Wells Media Group, Inc. Murdoch Testified Fox News Hosts Endorsed Idea That Biden Stole Election, Liberty Mutual Tackling U.S. of Employees to be Laid off: 80% of Employees, Reverse Mortgage Funding, LLC has laid off 80% of its staff. jane.doe@kemper.com) and [last] [first_initial] (ex. No. I look forward to seeing Kemper in court and joining the fight to stand up for workers rights. IBM has joined the wave of companies conducting layoffs. I used to work for Infinity/Kemper. With over 2,400 stores having re-opened, the business has been slow to return in some areas. around 3,700 employees, Twitter has laid off at least 4,400 contractual workers. Oracle has laid off more than 200 of its workers in California months after its $28 billion Cerner acquisition.The jobs that were affected included data scientists, application developers, marketing specialists and software developers. As recessionary fears rise, this makes Salesforce the first American company to conduct significant layoffs this year. The job cuts were related to the spinoff and sale of its two businesses, Kyndryl Holdings IT infrastructure business and its healthcare analytics business, which an investment firm is acquiring. The company has signed an agreement to this effect and will close 1,033 branches in the country, the CCOO union said in a statement. Rupert Murdochs media company said the tough macroeconomic environment and higher interest rates have been hurting the company. Kemper reported a net loss of $74.7m for Q2 of 2022, compared to a net loss of $62.6m from Q2 of 2021. Kemper Corp. Post, Click 8% of Kemper management is Hispanic or Latino. Dallas-based home health services company Signify Health is laying off 489 employees in Texas, South Dakota, New York, and Connecticut. So yes, the industry is struggling and GE is doing better than some (better than Kemper it seems) but the numbers indicate it is doing worse than others, including Progressive which for years has been one of our closest competitors. Oilfield services provider Basic Energy Services is warning employees that nearly 500 jobs could be eliminated in Texas. OneTrust has laid off 950 employees, or about 25 percent of its workforce, as part of a reorganization despite record quarters and increasing customer demand. The Companys revenue, the political situations worldwide, rising fuel prices, global inflation, and fluctuations in foreign exchange. Companies need to be transparent. No. They strongly hinted at impending labor cost reductions to meet the impact of slowing demand and increased costs. Hirect, a chat-based direct hiring platform for startups, has laid off 40% of its employees in what the company termed an organizational restructuring and a strategic change in its business model. Platforms like Agency Height allow insurance agents to connect with customers virtually. No. People have given 20 plus years to this company and this is how they were treated. UPDATED: Jun 10, 2021 Fact Checked Free Insurance Comparison Secured with SHA-256 Encryption Auto Commercial Auto Boat Home Renters Condo Personal Valuables Since the initial layoffs, the company has also let go of hundreds more employees. The real number is 340 with 80 coming from Product & a lot in the TL depts. A week after firing about 50% of its workforce, i.e. The company is expecting for 40% of its sales to come from online purchases this year. Insurance agents must stay up to date with industry changes and regulations. That means the company could be a welcome option for teens,. . For example, The Hartford Financial Services Group slashed 1,500 jobs in 2020. Trouble-ridden Chinese ride-hailing company Didi is laying off 20% of its workforce, or about 3,000 people. to find out the most convenient local One-Stop Career Center location. Insurance agents can use platforms like Agency Height to automate repeatable workflows and offer personalized experiences for customers. Learn More FIND AN AGENT GET A QUOTE MAKE A PAYMENT Auto Insurance Drive with confidence. Seems all let go in CA may have a case under WARN ACT. GoTo Group, Indonesias largest internet company, is planning to cut more than 10% of the workforce, which will affect 1,000 jobs as it seeks to cut costs and shore up its finances. The downsizing by the internet retailer is a result of slowing sales after the surge in online spending during the height of the pandemic. According to Bloomberg, the majority of those who were let go were hourly workers. With all these challenges and insurance industry-wide layoffs, insurance agents face higher stress and burnout. Its a little like planting tomatoes after the winter. My wife was let go. Stryker will close its Florida facility and move these operations to other Stryker locations. Good roddanc3 I hope they get every legal action against them. That day where Kemper just fired its hard working, talented, and good hearted staff IN THE MANNER in which they did - made that RIF feel personal! Metco Landscape has let go of 343 workers across five locations, as notified to the Colorado Department of Labor and Employment. According to an official filing sent to the Oregon Higher Education Coordinating Commission, Walmart is closing two of its stores in Portland, laying off over six hundred workers in the process. cryptocurrency exchange Crypto.com has laid off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. Kemper also announced around this time that it agreed to sell Reserve National Insurance Company and its subsidiaries, which are predominantly focused on accident and health insurance, to Medical Mutual of Ohio for $90m. Payments startup Bolt Financial will lay off about 250 employees, which is equivalent to a third of its workforce. This represents less than 5 percent of the total employee base. The Google-backed social media firm SharChat has laid off around 500 employees, citing several external macro factors that impact the cost and availability of capital.. All of those things are occurring fairly significantly across our book of business and those do have a tendency, depending on the activity, to have a quicker earned impact, he added. Swedish home appliances maker Electrolux on Friday announced that it would cut up to 4,000 jobs as part of a restructuring programme, as the company reported heavy third quarter losses. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. About 90% of the job cuts will be at the Peoples headquarters in Bridgeport. Kemper Corporation. Peloton, the exercise equipment company, is laying off nearly 800 people across its customer service and distribution departments. after posting a 3.5 billion loss in its third quarter. Commercial auto turned in a 100.2 combined ratio (compared to 87.2 for the same quarter in 2020) and the personal auto combined ratio was 135.5, after 112.3 in 2020s final quarter. Theres no way to get the fruit faster.. Around 350-400 payrolled employees across functions and a number of contractual staff will be impacted by these layoffs. Its the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms. The company is reducing headcount to trim expenses and readjust to new levels of consumer demand for its products. A summary of Kemper's Q4 2020 earnings conference call. Mobile marketplace operator OfferUp is laying off about 19% of its staff, joining a growing list of technology companies cutting costs amid a shaky economy. The layoffs have had a far-reaching impact on people from all walks of life and industries. Googles parent company, Alphabet plans to lay off 12,000 employees across sections. The plan will help Olive become profitable more quickly. Required fields are marked *. Mythical Games, a blockchain video game company that has raised more than $270 million in venture capital, laid off 10% of its staff and lost three top executives. Agents must focus on providing an exceptional customer experience to maintain their existing client base and gain new ones. WARN is enforced through the U.S. District Courts. CEO Wood said in a email, GE Appliances has invested in new technology and products to keep the company competitive for the long term. No. It began during the early days of the pandemic when companies were . With an FDA approval last February, Lundbecks Vyepti, a CGRP inhibitor infusion, launched right into the pandemic and a migraine market thats now filled with injectables and oral options by Big Pharma players. The employees were called to the office for a meeting with CEO David Solomon at its headquarters in New York. account, Kemper to acquire American Access in $370 million transaction, Kemper announces premium relief to policyholders and support to communities amid COVID-19 pandemic. Nektar Therapeutics plans to shed nearly 200,000 square feet of its office and laboratory space along with 500 jobs in Mission Bay, following clinical trial failures and the end of its cancer-fighting program with Bristol-Myers Squibb. Skip The Dishes, the online food delivery service, has laid off approximately 350 workers based in Winnipeg. Browse and search our staff directory to find the partner or employee you're looking for. Make sure that you are enter your user ID exactly as you registered (it is case sensitive) If you have not logged in over the past 90 days, please try re-registering. Co-founder Dan Manges, founding board. Press J to jump to the feed. around 10 percent of the companys workforce. Caixabank, which has become the largest domestic bank in Spain after buying Bankia, is planning to layoff nearly 8,000, a fifth of its workforce and close more than 1500 branches, 27% of its offices in one of the biggest staff overhauls in Spains corporate history. For example, in 2021, used car prices were up 51% from 2019 and 37% over 2020, while in the last quarter alone, they were up 9%, Kemper reported. Insurance agents must stay ahead of the competition. Just they are reducing the work force. Lacher said the insurer sees this aggregate inflation continuing in the short term but said Kemper has made significant progress on both rate and non-rate profit improvement during the quarter. Health, dental, vision, and life insurance; Paid time off; Holiday pay; Long- and short-term disability leave; Paid sick . Heineken is trying to move beyond beer and make non-alcoholic beer that has much potential for growth. No. Backed by the financial strength and stability of an A.M. Best A-rated national insurance company. The automotive manufacturing company is cutting 1800 jobs at its Windsor auto assembly plant. Industry: Physician-Ledstore Medical Group. Kemper violated the WARN act. Where in the article did you see that? Estimated number of employees: 2: Annual sales estimate: 170,000 City / suburb: Mercer Island, WA: County: King: Not quite . This information is derived from proxy statements filed for the 2021 fiscal year. No. Timeshare giant Marriott Vacations Worldwide is to lay off roughly 3,300 associates, as per the regulatory filing. Vacation rental management company Vacasa has laid off 1,300 employees to stabilize the faltering Portland company. Kemper Corporation. After 11 years working for Kemper I was fired via a phone call from HR. According to companys Form 8-K filing with the SEC, Rubius board of directors have approved a plan to review strategic alternatives, including a sale or merger of the Company or one or more sales of its assets.. According to the email, employees in the US were informed about their severance already. 800 people laid off in a single blow. Paying off employees is part of the rebalancing process. The company will lay off around 220 employees after restructuring the company and discontinuing its consumer care and electronics film programs. https://legalaidatwork.org/factsheet/the-w-a-r-n-act-mass-layoffs-or-businessplant-closings/, For a complete understanding of your rights click on https://www.dol.gov/sites/dolgov/files/ETA/Layoff/pdfs/WorkerWARN2003.pdf, HELP IS AVAILABLE IF YOU FEEL YOUR RIGHTS HAVE BEEN VIOLATED here to create a free account on Coverager.com, New to Coverager? Theres a lot tied together and it isnt the insurance sides job to just pay up. Yes, pay whats fairly owed. Total revenues for the fourth quarter increased $101.8 million, or 7 percent, to $1,493.9 million, compared to the fourth quarter of 2020, driven by $149.9 million of higher Specialty P&C earned premiums primarily due to the acquisition of American Access Casualty Co., a specialty private passenger auto insurer in April. Kemper Corp. laid off 3% of its workforce because it has reduced policies-in-force to counter inflation and other prolonged impacts from the COVID-19 pandemic. Top Global Insurance & Reinsurance Brokers, Kemper reported a net loss of $74.7m for Q2 of 2022, Additionally, AM Best made the decision to downgrade the firms Financial Strength Ratings, Fitch Ratings recently increased their estimate for re/insurance industry losses from Hurricane Ian, A new report from Moodys also suggests that given the severity of losses stemming from Ian, Verisk sees dip in net income in Q4 results, Trisura falls to Q4 loss on write down of reinsurance recoverables, Probitas Lloyds Syndicate 1492 reports 27% rise in GWP to 234m. M&A Summary Buy vs Sell +8 Most Recent M&A M&A by Sector By Geo Top M&A Advisors Deal Values M&A Connections Company Summary SECTOR The job cuts are part of the companys effort to focus on growth areas and address customer demand for some legacy products. The online car retailer also sent an email to workers from CEO Ernie Garcia III that said most of the cuts would be in the companys operations division. It would serve them right for what they just did. In Florida, 157 employees were laid off at the SeniorBridge facility in Jupiter, which closed at the end of 2022. The affected roles will be mostly senior office-based positions and not a front-line operational staff. Netherland-based lender Rabobank has plans to cut its workforce by 5000 over the next five years. Weight loss app Noom will be laying off 495 wellness coaches in total. Can't wait to see what BS they will spin out I'm the town hall. The Kemper family of companies is one of the nation's leading specialized insurers. of Employees to be Laid off: 17% of Employees (170). And then the separation papers are a joke too. For Employers. Scared to go to the town Hall tomorrow. The company has over 100,000 people employed at Tesla and its subsidiaries at the end of 2021. Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees. 350 of the laid off were FNOL reps. No one is safe and your managers and directors don't even know what the future holds. No. We monitor various public sources like news and WARN filings for the latest layoff and hiring freeze announcements, aggregate, de-duplicate, normalize and deliver the curated layoff data through various channels API and Web dashboard. The Kemper Insurance management team includes Lana Alvarez (Audit Manager), and Said J Salomon II (Database Adm Sr, IS) . Claims adjusters and managers, PIP adjusters, total loss managers and their teams were all affected by the layoffs. Biotechnology company Invitae will lay off more than 1,000 employees as part of a year-long restructuring plan expected to save the company hundreds of millions of dollars annually. The cuts mark the start of a three-year cost reduction programme announced in January that will lead to the loss of 10,000 jobs and the closure of 340 branches by 2024. Credit Suisse plans to slash 9,000 jobs and hive off its investment banking unit after posting a 3.5 billion loss in its third quarter. Corporations have been responding with hiring freezes and slowdowns a telling sign for what some are anticipating to be an extended recession. Further information about , an insurer serving around 6.2 million policies and working with 34,500 agents and brokers. This means that agents must be creative when finding solutions for their customers needs and may need help sourcing the materials they need to do their job. Im confident that Microsoft will emerge from this stronger and more competitive, CEO Satya Nadella told employees in a memo posted on Microsofts website. Ocean Harbor is part of Pearl Holding Group. The company will make every effort to place laid-off hourly employees in open full-time positions as they become available based on seniority. The cuts would amount to 12% of Pelotons workforce. SoftBank-backed mobility platform Ola is laying off 400-500 employees to save costs. It will also be closing three of its five bases there . The audacity of them to be more concerned that ppl are saying it was a pre recorded message then how they blind sided their employees speaks volumes. If they say your jobs are safe, think opposite. Kemper layoffs include Alabama; Shipt sued over employee classification; Velox partners with Huntsville Utilities Kemper Corp. has laid off 339 employees around the country, including 39 in Alabama By Alec Harvey - October 28, 2022 Kemper layoffs include Alabama Kemper Corp. has laid off 339 employees around the country, including 39 in Alabama. Universal Insurance Holdings Posts Fourth-Quarter Net Income of $25.1 Million, Reverses Year-Ago Loss Feb 23, 2023 05:44 PM (EST) Agents should focus on developing marketing strategies to attract new customers and maintain a high retention rate. With an FDA approval last February, Lundbecks Vyepti, a CGRP inhibitor infusion, launched right into the pandemic and a migraine market thats now filled with injectables and oral options by Big Pharma players. MGM Resorts International has sent separation letters to 18,000 U.S. employees who were furloughed during the coronavirus pandemic, making their job cuts permanent. With our extensive network of industry contacts and expertise, we are confident that you will be able to find the right customers in no time. Get out while you can. The affected workers will be eligible for two weeks of severance per year of service, job placement support, and access to a talent portal. Your email address will not be published. If theres struggles, ok fine admit it, tell employees the plan and lets move on. The estimated job cuts are being spread across the organization globally. In separate WARN alerts filed in California, AbbVie and BMS plan to lay off 99 and 261 employees, respectively. This includes 100 layoffs in Israel, where Amdocs has a significant presence with about 5000 employees. Please refer to the directory at the end of this guide to find out how to contact your state. If you think that you may have a claim under WARN, you should consult an SEND offered grocery deliveries in under 10 minutes to 46,000 registered users, with an estimated 300 employees working for the company from 13 sties and several dark grocery stores in Sydney and Melbourne. The Dixie Group is consolidating its East Coast tufting operations to its existing plant in Dalton, Georgia, and cutting its staff by 20% this year in response to the weakening floorcovering market. The firm is divided into two major concerns, insurance services and investment services. The company will ensure that all employees will be paid all earned wages and agreed-upon benefits at the time of their termination. The bulk of the layoffs are occurring in the Sacramento region but also include cuts at the insurers Oakland headquarters and elsewhere in the state. Download the Kemper Auto App today! Tencent laid off nearly 5,500 employees from its payroll last quarter. https://www.reinsurancene.ws/am-best-downgrades-kemper-on-earnings-deterioration/. 2022-10-28T17:10:00. The company will eliminate about 1,300 jobs worldwide. Electric automaker Rivian is considering laying off around 5 percent of its 14,000 employees, or around 700 people. Amazon is laying off 353 workers after closing two of its Baltimore-area warehouses. Consulting firm Sciolex Corp. is laying off 460 employees in its Orange County site in Laguna Niguel, California, according to a recent Worker Adjustment and Retraining Notification Act (WARN) filing. It operates through the following segments: Specialty. Kemper Corp Costa Coffee, which has over 2700 stores across the UK, has cut 1,650 jobs. The company called the layoffs part of the broader plan to reduce costs globally. In the town hall meeting right now. Fast-forward November, Walt Disney is planning to lay off about 32,000 workers, as the company struggles with limited visitors at the theme parks. Infinity No. guidance with respect to individual situations. The move comes a week after the company reported weaker-than-expected third-quarter results. A lot of people I know were let go in the Doral, FL office and I heard Orlando too. Primark, the High Street discount retailer will cut over 400 roles from its 191 UK stores in response to rising cost pressures and as sales remain below pre-pandemic levels. Chicago, Illinois-based auto insurer Kemper Insurance has let go of 339 employees in what is the latest high-profile move taken by a personal auto writer to restore profitability in a segment that has been crushed in the past year by soaring loss cost inflation. Spectrum Pharmaceuticals is cutting about 30% of its workforce to prioritize work on its two late-stage assets. These layoffs occur across departments amid a challenging funding environment and a delay in listing plans for the Bhavish Aggarwal-led firm. The changes would help the bank create 1.4 billion ($1.7 billion) in annual savings by 2024. Kemper Corporation was originally founded as Unitrin, Inc. in April 1990, when it spun off from Henry Singleton 's conglomerate Teledyne. The German government will take a 20% stake in the firm, which it intends to sell by the end of 2023. The layoffs were part of the restructuring to cut costs amid an impending slowdown in venture funding and tightening of the overall economic environment. As a result, the cost of financing and securitizing reverse mortgages has made it impossible for RMF to continue originations for seniors looking to unlock value in their homes at this time.. QVC will terminate the employment of more than 1,900 employees who worked in their Rocky Mount warehouse. CytomX will reduce its workforce by 40%, mostly affecting staff in the development and administrative roles. The companys software allows businesses to put together databases and spreadsheets on the cloud without using code. The large-scale layoffs began in mid-January, starting with R-Lab, the innovation arm of Didi, followed by ride-hailing, bike-sharing, and freight businesses. The healthcare provider brought their workforce from 3,000 down to 2,850 due to ending much of their individual and group insurance business. Whispir, a cloud-based Australian communications tech company that offers a platform for everything from crisis management to marketing, has let go of 30 percent of its workforce. Chief Executive Officer Jim Farley stated that it was part of a broader turnaround effort. As the whole nation cools down spending and those IRS agents get to work, best hold on to any job you have because its going to get rough out there soon. This is enabled by a team of dynamic, innovative employees who act like owners and are continually driven by intellectual curiosity , analytical superiority , and being world-class operators. Ford Motor is laying off its salaried and contract employees and about 580 staff are affected. In uncertain economic times, the company plans to refocus on large enterprise clients, a business area that is growing strongly. No. WARN ENFORCEMENT Contact Your Service Center. The eCommerce company began layoffs in November, with the departments affected in its devices business, recruiting, and retail operations. We have numerous opportunities to contribute to a growing company with lots of potential for advancement. The layoffs come as the company suffered a net loss of 1.6 billion euros (USD 1.7 billion) in 2022. Employees: 10,000. Our success is a direct reflection of the . Kemper's businesses collectively: Offer insurance for home, auto, life, health and valuables. Amazon to cut down around 10,000 employees, around three percent of its 3 lakh-plus corporate workforce. Incorporated: 1967. Their layoffs were savage, just like GEICOs. Singleton expected the new venture to duplicate the successful spin off of the Argo Group, originally a workers' compensation insurance provider, created in 1986. Hasbro, Inc., a global branded entertainment leader, would cut about 15% of its global workforce this year and start taking effect within the next several weeks. Best Buy Co. is cutting store jobs across the country as the electronics and appliance retailer works to lower costs in response tochanging customer spending habits. Strong financial stability. I've included information below: From the bottom of my heart, I wish you all well. Formerly known as Fiat Chrysler the company has cited microchip shortage that has impacted not just the auto industry, but other industries as well, for the job cuts. No doubt the industry is struggling and is due for a shake up. In 2023, insurance companies worldwide saw a significant decrease in their workforce, with many insurance agencies having to downsize their workforce by over 25%. Binance chief Changpeng Zhao has also confirmed the transaction through Twitter.

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