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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the wrong period or in the wrong way, it can have a very negative effect on your career. You may get a working job offer you with another organization where the pay out is higher, but you remain uncertain if that ongoing work environment will undoubtedly be better then the current one. After all, it isn't all about the amount of money. Imagine if you change your mind later? After all, this is not a straightforward decision. Of course your boss can absolve you and take you back, but it isn't guaranteed.
