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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 wrong period or in the wrong manner, it can have a very negative impact on your career. You may get a job present with another company where the pay out 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 amount of money. Imagine if you change your brain later? After all, this is simply not a straightforward decision. Of course your boss can absolve you and hire you back, but it is not guaranteed.
