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If you are switching jobs:
"I'm leaving the company" is a phrase that requires a lot of courage. When pronounced at the incorrect period or in the wrong manner, it can have a very negative effect on your career. You can find a working job offer you with another corporation where the pay is higher, but you remain not sure if that ongoing work environment will be better then your current one. After all, it isn't all about the amount of money. Imagine if you change your brain later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and hire you back, but it isn't guaranteed.
