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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires lots of courage. When pronounced at the wrong period or in the wrong manner, it can have a very negative impact on your profession. You may get a working job offer with another business where the pay is higher, but you remain uncertain if that ongoing work environment will be better then the current one. After all, it isn't all about the amount of money. What if you change your mind later? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and take you back, nonetheless it is not guaranteed.
