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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 incorrect period or in the wrong way, it can have a very negative effect on your career. You can find a job offer you with another firm where the pay out is higher, but you remain uncertain if that work environment will be better then the current one. After all, it isn't all about the money. What if you afterwards change your brain? After all, this is not an easy decision. Of course your boss can forgive you and take you back, nonetheless it isn't guaranteed.
