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In this video, John Carlo from Forge Recruitment discusses the significance of references in the job interview process. He emphasizes that being asked to provide references after interviews is a positive indication but does not guarantee a job offer. Carlo notes instances where employers have multiple strong candidates and request references to help decide between them. He highlights that the reference check can play a crucial role in determining which candidate ultimately receives the job offer, underlining that it's important not to assume an offer is forthcoming solely based on the reference request.