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In this video tutorial, John Carlo from Forge Recruitment discusses the significance of references during the interview process. He clarifies that being asked to provide references after a first or second interview is a positive sign, but it does not guarantee a job offer. John emphasizes that companies may seek references from multiple strong candidates to help make their final decision. Thus, while references play a crucial role, they are not an assurance of receiving an offer, as they can be used to differentiate between closely matched applicants.