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If you are switching jobs:
"I'm leaving the company" is a phrase that requires lots of courage. When pronounced at the incorrect period or in the wrong manner, it can have a very negative effect on your career. You may get a working job give with another corporation where the pay is higher, but you remain uncertain if that work environment will be better then the current one. After all, it is not all about the amount of money. Imagine if you later change your mind? After all, this is simply not a straightforward decision. Of course your boss can forgive you and hire you back, but it is not guaranteed.
