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The XYZ Company thanks the job applicant for their interest but has decided not to proceed with their candidacy due to a competitive hiring process and a pool of 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 Human Resources team wishes the applicant good luck in their job search. Additionally, the email concludes with a note that responses will not be monitored. The text critiques the generic nature of rejection letters, suggesting they can harm public relations, especially since rejections may involve well-connected candidates in social media.