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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require a lot of courage. When pronounced at the wrong period or in the wrong way, it can employ a negative impact on your profession. You may get a working job offer with another firm where the pay is higher, but you are still not sure if that ongoing work place will undoubtedly be better then your current one. After all, it isn't all about the amount of money. What if you change your brain later? After all, this is not an easy decision. Needless to say your boss can absolve you and consider you back, but it isn't guaranteed.
