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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require plenty of courage. When pronounced at the incorrect period or in the wrong way, it can have a very negative effect on your profession. You may get a working job offer you with another firm where the pay is higher, but you are still not sure if that ongoing work environment will be better then your current one. After all, it is not all about the amount of money. Imagine if you afterwards change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and take you back, nonetheless it isn't guaranteed.
