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it doesn't hurt to let them know that you're in between offers right now and would appreciate an expedited decision. It may not always work in your favor but I don't think it would negatively impact you
No. I would keep this to yourself until you know if you have the other offer. It’s a tough job market and there’s probably 100 applicants ready to take your place. So if one high manager doesn’t think you’re all in they might pass you by.