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If you are switching jobs:
"I'm leaving the company" is a phrase that will require lots of courage. When pronounced at the wrong period or in the wrong manner, it can have a very negative impact on your career. You may get a job give with another company where the pay is higher, but you remain uncertain if that work place will be better then your current one. After all, it isn't all about the amount of money. What if you afterwards change your mind? After all, this is simply not an easy decision. Of course your boss can absolve you and hire you back, but it isn't guaranteed.
