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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires a lot of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative effect on your career. You may get a job present with another organization where the pay out is higher, but you remain uncertain if that work place will undoubtedly be better then your current one. After all, it is not all about the money. Imagine if you change your mind later? After all, this is not a straightforward decision. Of course your boss can forgive you and hire you back, nonetheless it isn't guaranteed.