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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 way, it can employ a negative effect on your career. You may get a working job offer with another firm where the pay is higher, but you remain not sure if that ongoing work environment will be better then your current one. After all, it isn't all about the money. Imagine if you later change your mind? After all, this is not a straightforward decision. Needless to say your boss can absolve you and hire you back, but it isn't guaranteed.