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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 incorrect period or in the wrong way, it can employ a negative impact on your career. You may get a job offer with another corporation where the pay out 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 money. What 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.
