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