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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 effect on your profession. You may get a job offer with another organization where the pay out is higher, but you are still uncertain if that work place will undoubtedly be better then the current one. After all, it is not all about the money. What if you afterwards change your brain? After all, this is not a straightforward decision. Of course your boss can absolve you and take you back, but it isn't guaranteed.
