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I never read them as a hiring manager
I heard from Canadian Recruiter/ Podcaster, Emily Durham that it depends on the industry. I didn't used to include a cover letter, but she said for industries like Banking/Finance, it's still good to include a cover letter
Best to have and not need than to need and not have
I would thought best to have to say something else that’s not covering in your resume/CV. But we can’t control what recruiter or hiring manager would read it or not. Do our best. From job seeker point of view.