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If you are switching jobs:
"I'm leaving the company" is a phrase that will require plenty of courage. When pronounced at the wrong period or in the wrong manner, it can employ a negative impact on your career. You may get a working job present with another company where the pay out is higher, but you are still uncertain if that ongoing work place will undoubtedly be better then your current one. After all, it isn't all about the money. What if you later change your brain? After all, this is not an easy decision. Needless to say your boss can absolve you and consider you back, but it isn't guaranteed.
