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The XYZ company thanks the job applicant for their interest but informs them that they will not be moving forward with their application due to a highly competitive hiring process with more qualified candidates. They appreciate the applicant's effort in getting to know the company and will keep them in mind for future opportunities. The HR team wishes the applicant good luck in their job search and advises not to respond to the email as it is not monitored. The text also highlights the potential negative impact of such boilerplate rejection letters on public relations, especially since many applicants are connected to social media influencers. It questions whether sending standard rejection letters is the best approach.