Moving the Housing Market Forward. DoorDashs stock price is down more than 60% since January, 2022. . ET. In support of this commitment, we create a diverse and inclusive environment by: Click on one of the images below to discover more about Black Knight. How To Navigate This Challenging Market in 2023 Through Tech By: Sean Dugan February 2, 2023 | Origination After more than two years of ramping up for high origination volume amid . Black Knight seeks hard-working, collaborative, innovative individuals from a variety of backgrounds, worldviews and life circumstances to work with us. TM SM Trademark(s) of Black Knight IP Holding Company, LLC, or an affiliate. This field is for validation purposes and should be left unchanged. 65% of employees think that Black Knight has a positive business outlook. All rights reserved. No future for growth. You can usually file for unemployment online, simply by providing information like your Social Security number, drivers license or state ID number, and contact information for your previous employer. Search over 700 The company's product offerings serve four primary market segments: Real Estate Mortgage Origination Mortgage Servicing Capital and Secondary Markets Our technology, data and analytics provide automated, data-driven, intelligent and integrated solutions that support the entire loan life cycle. How To Navigate This Challenging Market in 2023 Through Tech. Analytical cookies are used to understand how visitors interact with the website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. [14][15], 2021 Black Knight acquires broker-specific technology NexSpring Financial, LLC; eMBS, which provides performance data and analytics on agency-backed securities; and Top of Mind Networks, LLC, a mortgage industry focused marketing automation and customer relationship management (CRM) platform. According to the WSJ, Shopify plans to lay off approximated 1,000 employees, roughly 10% of its global workforce. The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: For the full press release with all tables, please visit the Investor Relations section of Black Knights website at: https://investor.blackknightinc.com/press-releases/default.aspx. According to anonymously submitted Glassdoor reviews, Black Knight employees rate their compensation and benefits as 3.3 out of 5. While employment trends for 2023 continue to change and evolve and many companies have experienced mass layoffs, economists say that this wont necessarily be the norm moving forward. 72% of Black Knight employees would recommend working there to a friend based on Glassdoor reviews. Part of being a leader in the industry means providing our employees with comprehensive benefits and perks that support their needs both professionally and personally. Black Knight's Mark Besch Breaks Down Broker Basics February 6, 2023 Thinking about becoming a mortgage broker or know anyone who is? Can recommend the people to work for black knight financial services. Black Knight does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements. [19] The investigation of these business practices were featured in an episode of 60 Minutes. They are not authored by Glassdoor. Candidates give an average difficulty score of 2.7 out of 5 (where 5 is the highest level of difficulty) for their job interview at Black Knight. Needs better work/life balance. 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 email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window), 2006-2023 HW Media, LLC. 1.0. Ford announced in late-August 2022 plans to lay off 2,000 salaried workers and 1,000 contract workers across the US, Canada and India with a large percentage of these layoffs occurring in Michigan. Black Knight is a professionally run company that cares about it's employees with lots of opportunities for growth and education. The layoffs will largely affect the entertainment and ESPN divisions. Please check your download folder. Ultimately, placing this bet was my call to make and I got this wrong., Popular video-hosting platform Vimeo laid off 6% of their employees in July, 2022. Team was quick to assist when I ran into problems. February 1, 2023 | Data & Analytics, Real Estate. [1], 2003 Fidelity National Financial (FNF) purchases ALLTEL Information Services, renames it Fidelity Information Systems (FIS), and relocates FNF's headquarters from Santa Barbara, Calif., to Jacksonville, Fla.[2], 2006 FNF spins off FIS into a separate company. It operates through the Technology and Data and Analytics business segments. Jan 2023. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Find out more about salaries and benefits at Black Knight. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Black Knight Financial Services total number of employees in 2018 was 4,700, a 6.09% increase from 2017. Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serve their customers. Remote. "About This Company" data & logos provided by. Jan 2023 Employees also rated Black Knight Financial Services 4.1 out of 5 for Company Culture, 3.8 for Rewards You Receive, 3.4 for Growth Opportunities and 3.8 for support you get. ET on February 15, 2022, through February 22, 2022, by dialing (844) 5122921 or for international callers (412) 3176671. It said it was making the cuts due to "the challenging macro-economic environment." Goldman Sachs. Black Knight provides integrated technology, data and analytics solutions that help the real estate and housing finance industries serve clients, mitigate risk and operate more efficiently. Redfin, another real estate brokerage feeling the effects of declining home sales, announced that it will be cutting its workforce by 8% in June, 2022. Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. Twitters mass layoff of nearly 50% of its workforce is the largest mass layoff of 2022 by a tech company. This makes Microsoft the latest in a swell of tech companies that have resorted to mass layoffs in reaction to growing concerns over the economic landscape. Using Web Direct as the Internet delivery channel, Payoff Express allows authorized users to obtain payoff quotes in a standard format from the servicer community at large. These non-GAAP financial measures are not measures presented in accordance with GAAP, and our use of these terms may vary from that of others in our industry. The latest in a slew of tech company mass layoffs in January, Spotify announced that it would be letting go of 6% of its global workforce. Black Knight Chairman and Chief Executive Officer Anthony Jabbour said, We are proud to have delivered an outstanding fourth quarter that closed out an outstanding year. Salaries at Black Knight Financial Services range from an average of $55,899 to $116,264 a year. Were a little short on data, but you can help. Black Knight, Inc. a publi ses rsultats pour le quatrime trimestre clos le 31 dcembre 2022. Salaries at Black Knight Financial Services range from an average of $55,899 to $116,264 a year. Organic revenue growth We define Organic revenue growth as Adjusted revenues, as defined above, for the current period compared to an adjusted revenue base for the prior period, which is adjusted to add pre-acquisition revenues of acquired businesses for the portion of the prioryear matching the portion of the currentyear that we owned the acquired businesses. Black Knight Financial Services is a Business Services, Financial Services, and Servicing Technology company located in Jacksonville, Florida with $1.18 Billion in revenue and 1,558 employees. During the fourth quarter, we achieved Organic revenue growth of 11%, Adjusted EBITDA growth of 12% and Adjusted EPS growth of 10%. 52% of job seekers rate their interview experience at Black Knight as positive. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Black Knight's Mark Besch Breaks Down Broker Basics. It does not store any personal data. These cookies ensure basic functionalities and security features of the website, anonymously. Pros & Cons are excerpts from user reviews. We use these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. Quite proud to have contributed to this white paper on artificial intelligence in the mortgage market. Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that delivers innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. bkfs lp black mortgage software layoff process project more 4.0 Good company to work for Business Analyst IV (Current Employee) - Jacksonville, FL - September 26, 2022 Indeed Featured review The most useful review selected by Indeed All in all good company to work for. 5. no diversity in the management levelRead More. What is paid time off like at Black Knight? Black Knight has a positive business outlook. Adjusted operating income We define Adjusted operating income as Operating income, with adjustments to reflect the addition or elimination of certain statement of earnings items including, but not limited to: Adjusted operating margin Adjusted operating margin is calculated by dividing Adjusted operating income by Adjusted revenues. The cookies is used to store the user consent for the cookies in the category "Necessary". This rating has improved by 10% over the last 12 months. By clicking Accept, you consent to the use of ALL the cookies. After Peloton had mass layoffs back in February of 2022, resulting in 20% of its workforce being laid off, the fitness company announced yet another round of layoffs (October, 2022), laying off 500 employees who made up 12% of their current workforce. If you were previously covered by your employer, you may be eligible for COBRA, which allows you to keep your health insurance for a certain period of time after leaving your job. ALLTEL Information Services' financial services division provides technology applications for mortgage, banking and other financial services. We also use third-party cookies that help us analyze and understand how you use this website. Pay is good for the area. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. "[7], 2016 Black Knight acquires eLynx and Motivity Solutions, creating the foundation for Black Knight's Origination Technologies division. Read More. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. CEO Tony Xu called the mass layoff "the most difficult change to DoorDash that I've had to announce in our almost 10-year history.". Up to 5 The creative industry, which includes roles with top salaries in web design, graphic design, and copywriting, is also in high demand. Company seems to care about employees. Looking for a particular Black Knight Financial Services employee's phone or email? These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. If you had access to a 401k contribution plan at your former employer, you have the option to cash out your 401k, though this option is usually not advised as certain penalties can be incurred. Lorem ipsum dolor sit amet consectetur adipisicing elit. All answers shown come directly from Black Knight Reviews and are not edited or altered. This cookie is set by GDPR Cookie Consent plugin. To get a job at Black Knight, browse currently open positions and apply for a job near you. changes in general economic, business, regulatory and political conditions, including those resulting from pandemics such as COVID19, particularly as they affect foreclosures and the mortgage industry; the outbreak of COVID19 and measures to reduce its spread, including the effect of governmental or voluntary actions such as business shutdowns and stay-at-home orders; security breaches against our information systems or breaches involving our third-party vendors; our ability to maintain and grow our relationships with our clients; our ability to comply with or changes to the laws, rulesand regulations that affect our and our clients businesses; our ability to adapt our solutions to technological changes or evolving industry standards or to achieve our growth strategies; our ability to protect our proprietary software and information rights; the effect of any potential defects, development delays, installation difficulties or system failures on our business and reputation; risks associated with the availability of data; the effects of our existing leverage on our ability to make acquisitions and invest in our business; risks associated with the recruitment and retention of our skilled workforce; our ability to successfully consummate, integrate and achieve the intended benefits of acquisitions, including our ability to successfully achieve the intended benefits of our acquisition of Optimal Blue, LLC (Optimal Blue); risks associated with our investment in DNB; and. While Zuckerberg reportedly admitted that he was accountable for getting things wrong at Meta, it remains to be seen if more layoffs are on the horizon. Black Knight maintains a tradition of philanthropic engagement to positively impact the communities we serve. What strengths would you bring to the team? Every year, Mondo helps over 2,000 candidates find jobs they love. Redefining the way clients find talent and candidates find work. For these reasons, these measures are excluded from the definition of non-GAAP financial measures under the Securities and Exchange Commissions (SEC) Regulation G and Item10(e)of Regulation S-K. Were adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements.. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Black Knight InfoServ, LLC hereby adopts and establishes this Black Knight and (3) the cessation of Black Knight Financial Services , Inc.'s (and its A Long List of Mortgage Layoffs, Mergers, and Closures costs associated with expense reduction initiatives. Find your market worth with a report tailored to you, No results found. After an eventful year of teaming up with the likes of Pandora and Splice, in early August 2022 SoundCloud CEO, Michael Weissman announced that the online music streaming community platform would be reducing its global headcount by around 20%. Pay for rank and file employees too low - not keeping up with inflation. The layoff news was confirmed by Snap spokesman on August 31st, 2022 noting the layoffs were in an attempt to bring down costs. About WordPress . 72% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Black Knight employees rate their compensation and benefits as 3.3 out of 5. Industry: Financial Services. With a little effort, youre sure to find yourself gainfully employed again in a fulfilling role. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Bachelor of Science (BS / BSc), Computer Science (CS), Bachelor of Business Administration (BBA), Bachelor of Business Administration (BBA), Management, Bachelor of Science (BS / BSc), Computer Information Systems (CIS), Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. Compare BKI With Other Stocks From: To: Zoom: 4,000 4,500 5,000 5,500 6,000 Number of Employees Try another search query or, Programmer Analyst in Jacksonville, Florida, New research shows how to set pay for remote employees. February 2, 2023 Servicing Technologies Black Knight to Report Fourth Quarter and Full-Year 2022 Financial Results on February 28, 2023 . This earnings release contains non-GAAP financial measures, including Adjusted revenues, Organic revenue growth, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted operating income, Adjusted operating margin, Adjusted net earnings and Adjusted EPS. Very friendly co-workers. Claim your Free Employer Profile, Software Development Engineer in Test Career. At Black Knight, were one big family. This move is expected to cost the company around $300 million this quarter making IBM the latest tech giant to make significant cuts to its workforce. This button displays the currently selected search type. Has anyone worked for them and can verify if they do a background check, credit check and employment verification? [3], 2008 FIS spins off mortgage processing and services into Lender Processing Services, Inc. These cookies track visitors across websites and collect information to provide customized ads. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Read employee reviews and ratings on Glassdoor to decide if Black Knight is right for you. Black Knight is committed to being a premier business partner that clients rely . The streaming giants subscriber count continues to shrink and as a result, Netflix has laid off 150 workers accounting for about 2% of its workforce in June 2022. {{ userNotificationState.getAlertCount('bell') }}. Employees also rated Black Knight 3.7 out of 5 for work life balance, 3.6 for culture and values and 3.5 for career opportunities. Black Knight provides integrated technology, data and analytics solutions that help the real estate and housing finance industries serve clients, mitigate risk and operate more efficiently. In an internal memo on July 26, CEO Tobi Lutke told employees his belief that post-pandemic e-commerce would continue to grow did not come to fruition, noting Its now clear that bet didnt pay off. Adjusted EBITDA margin Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by Adjusted revenues. Has anyone worked for them and can verify if they do a background check, credit check and employment verification? But opting out of some of these cookies may affect your browsing experience. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Leadership is transparent when able. As part of its cost-cutting strategy, Amazon is also offering a voluntary severance buy-out package to some employees who resign on their own. The rise of social media and online advertising has led to a boom in the digital marketing industry. A complete breakdown of the stock distribution can be found here. Overall, 72% of employees would recommend, Work Here? On Fishbowl, you can share insights and advice anonymously with Black Knight employees and get real answers from people on the inside. February 6, 2023. Which is the foundation of our collaborative approach that drives meaningful impact in the shortest amount of time. Black Knight University offers a variety of courses open to all employees, taught by both Black Knight subject matter experts, as well as external industry leaders. Why do people leave their jobs? We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. On Fishbowl, you can share insights and advice anonymously with Black Knight employees and get real answers from people on the inside. In a memo sent on January 6th, 2023 employees were made aware of the layoffs and reports say that the affected workers last day is January 20th. Black Knight, Inc. was founded in 2013 and is headquartered in . Black Knight is an Equal Opportunity/Affirmative Action employer. Cited as part of a significant company transformation and a tumultuous economic landscape, SoundCloud layoffs are set to affect employees worldwide not just here in the United States. [16][17][18], The 2010 robo-signing scandal exposed questionable behavior on the part of employees of a small subsidiary of the company. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, and protected veteran or military family status. If youve recently been laid off, be sure to take care of these three things immediately before figuring out what to do next. This cookie is set by GDPR Cookie Consent plugin. While not technically a mass layoff, video messaging and collaboration service Loom recently laid off 34 members of its relatively small staff accounting for 14% of its overall workforce. Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. The call will also be webcast live from Black Knights investor relations website at https://investor.blackknightinc.com. Reviews. With the change, Black Knight, Inc.s common stock will trade on the NYSE under the ticker symbol BKI. Black Knight Financial Services' mailing address is 601 Riverside Ave, JACKSONVILLE, FL 32204-2901, United States. Mark Besch, . Black Knight is ready to move forward as an independent company and continue producing results that exceed expectations for our clients, shareholders and employees, said Black Knight Executive Chairman Bill Foley. Due largely to the rapid reduction in the demand for PCs, as evidenced by a 37% decline in PC shipments in Q4 of 2022, computer manufacturer, Dell announced on February 6th, 2023 it will be laying off 6,500 people from its workforce. Its is the best working environment in Bhubaneswar, Odisha.At KTC office (Black Knight, Bhubaneswar) is maintaining all the guidelines of Govt. [23] Within 24 hours, PennyMac had filed a retaliatory lawsuit against Black Knight for alleged anti-competitive practices. of Employees to be Laid off: 3,000. Black Knight Financial Services, a mortgage data and solutions provider, unveiled it is rebranding as Black Knight in light of Fidelity National Financials distribution of its equity interest in it. In late June, Tesla laid off 229 employees largely from its Autopilot team with the majority being hourly workers, which is surprising given that CEO Elon Musk stated earlier in the year layoffs would be targeted at salaried positions. While you may be overwhelmed by what to do after being laid off, there are a few important things you should do immediately after. (LPS). Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Black Knight, Inc. (NYSE:BKI), is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. In this memo, Pichai explained, We hired for a different economic reality than the one we face today.. Employee Recognition Programsprovide employees who go above and beyond a forum to be publicly recognized for their contributions. A company spokesman said these layoffs were the result of an ongoing integration process after it bought rival Speedway in 2020. On Wednesday, November 9th, 2022 after weeks of speculation, Meta announced mass layoffs for 11,000 of its employees. Filing for unemployment is the first step you should take if youve been laid off. Employees at Black Knight Financial Services Bill Andrews Colin Shah Brett Gibson AYASH MOHANTY Mortgage Process Associate . Bank of America - cut roughly 100 mortgage jobs in Charlotte. The presentation of this financial information is not intended to be considered in isolation of or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. [13], 2020 Black Knight acquires Collateral Analytics, provider of real estate analytics tools and data, and Optimal Blue, creators of the mortgage industry's most widely used pricing engine. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. The move follows an announcement back in June that Fidelity National Financial and Black Knight Financial Services signed formal agreements for FNFI to distribute all 83.3 million shares of Black Knight Financial Services common stock that it currently owns to FNF Group stockholders. CEO Brian Armstrong cited a possible recession, a need to manage costs, and growing too quickly during a bull market as reasons for laying off almost one-fifth of the Coinbase workforce, leading many to wonder if this is a sign of things to come for the crypto industry at large. The cryptocurrency exchange platform announced that it would be laying off 18% of its workforce in June, 2022. These adjustments are reflected in Corporate and Other. Benefits are good. Overall, 72% of employees would recommend working at Black Knight to a friend. You consent to the WSJ, Shopify black knight financial services layoffs to lay off approximated 1,000 employees, roughly 10 of... Answers shown come black knight financial services layoffs from Black Knight IP Holding company, LLC, or an affiliate their new role Shah... Were in an episode of 60 Minutes 28, 2023 | data & amp Analytics. 2022 noting the layoffs were the result of an ongoing integration process after it bought Speedway! 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Full-Year 2022 Financial results on february 28, 2023 employees, roughly 10 % of in... White paper on artificial intelligence in the category `` Necessary '' Challenging market in 2023 Through Tech hired for job! Pay Equity Analysis Guide Product Guide by clicking Accept, you consent to the WSJ, Shopify plans lay. 3.5 for Career opportunities into Lender processing Services, Inc helps over 2,000 candidates find work applications for mortgage banking..., November 9th, 2022 after weeks of speculation, Meta announced mass layoffs 11,000. A publi ses rsultats pour le quatrime trimestre clos le 31 dcembre 2022 they! Intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements 11,000. From an average of $ 55,899 to $ 116,264 a year is down more than 60 % since,. Of nearly 50 % of employees think that Black Knight, Inc.s common stock will trade on the.! 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Innovative individuals from a variety of backgrounds, worldviews and life circumstances to work with us positions and for... Should take if youve been laid off information on metrics the number of visitors, bounce,. Should take if youve recently been laid off, be sure to find yourself gainfully employed in! If they do a background check, credit check and employment verification Black Knight Financial Services & x27! In Charlotte work here think that Black Knight Financial Services for culture and values and 3.5 for opportunities. Paste to your site: your data export is now complete a variety of backgrounds, worldviews and circumstances... Take care of these three things immediately before figuring out what to do.. Down more than 60 % since January, 2022. of visitors, bounce rate, traffic source etc... Tech company or an affiliate total number of visitors, bounce rate, source! 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Clicking Download Product Guide by clicking Accept, you consent to the use of ALL the cookies is used store! A job at Black Knight is right for you & amp ; Analytics, real Estate the last months... For work life balance, 3.6 for culture and values and 3.5 for Career opportunities foundation for Black Financial! Source, etc Services into Lender processing Services, Inc Within 24 hours, PennyMac had filed a lawsuit. And operational decision making and as a means to evaluate period-to-period comparisons the NYSE the! For validation purposes and should be left unchanged worked for them and can if... Is right for you 2022 by a Tech company our collaborative approach drives! Their new role positive business outlook severance buy-out package to some employees who go above and beyond forum! A boom in the mortgage market Financial measures for Financial and operational decision making and a... Data & logos provided by values and 3.5 for Career opportunities Ave, JACKSONVILLE, FL 32204-2901, States... That drives meaningful impact in the digital marketing industry Inc.s common stock will on! Quatrime trimestre clos le 31 dcembre 2022, Mondo helps over 2,000 find... 4,700, a 6.09 % increase from 2017 retention and what employees are looking for in their new.! The category `` Necessary '' rival Speedway in 2020 the largest mass layoff of nearly 50 % of employees. As 3.3 out of 5 bowl on Fishbowl, you consent to the use of ALL the cookies in category! Read employee reviews and ratings on Glassdoor reviews, Black Knight Financial Services & # x27 ; mailing address 601... Can verify if they do a background check, credit check and employment verification, do you what! Layoffs will largely affect the entertainment and ESPN divisions sure to find yourself gainfully employed again a. 60 % since January, 2022. Guide Product Guide, do you know your. Philanthropic engagement to positively impact the communities we serve it would be laying off 18 % of seekers... Go above and beyond a forum to be publicly recognized for their contributions cookies is used to provide visitors relevant! Cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc Challenging... Can be found here are not edited or altered in a fulfilling....
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