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If you are switching jobs:
"I'm leaving the company" is a phrase that requires a lot of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative effect on your career. You can find a job give with another corporation where the pay out is higher, but you remain not sure if that ongoing work environment will be better then the current one. After all, it isn't all about the money. Imagine if you change your brain later? After all, this is simply not an easy decision. Needless to say your boss can absolve you and consider you back, but it is not guaranteed.