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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require lots of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative effect on your profession. You may get a job give with another firm where the pay is higher, but you remain uncertain if that work environment will be better then your current one. After all, it isn't all about the money. What if you afterwards change your mind? After all, this is simply not a straightforward decision. Of course your boss can forgive you and take you back, but it is not guaranteed.
