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After the 2nd round of interview, when can one expect the PPO offer or a line of communication from HR?
Do they reject the candidate after the 2nd round?
1st round was technical and 2nd round was just a conversational interview with the partner.
No. Only those who were approved in the first round make it to the second round. It's guaranteed that you will get a PPO at this stage. You should hear back within a week.
Seconded. The second round is only a formality - the first stage is when you could be rejected. It could take ages for the HR to confirm after either round.