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If you are switching jobs:
"I'm leaving the company" is a phrase that will require a lot of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative impact on your career. You can find a working job offer you with another company where the pay out is higher, but you are still not sure if that work environment will be better then the current one. After all, it isn't all about the money. What if you change your mind later? After all, this is simply not a straightforward decision. Of course your boss can absolve you and hire you back, nonetheless it is not guaranteed.
