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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 way, it can employ a negative impact on your profession. You may get a working job offer with another business where the pay is higher, but you remain not sure if that ongoing work place will undoubtedly be better then your current one. After all, it is not all about the money. Imagine if you afterwards change your brain? After all, this is not a straightforward decision. Needless to say your boss can forgive you and consider you back, but it is not guaranteed.
