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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires plenty of courage. When pronounced at the incorrect period or in the wrong manner, it can employ a negative effect on your career. You may get a working job present with another business where the pay out 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 money. What if you change your brain later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and consider you back, but it is not guaranteed.
