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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires lots of courage. When pronounced at the incorrect time or in the wrong way, it can have a very negative effect on your career. You can find a job give with another corporation where the pay out is higher, but you are still uncertain if that work place will undoubtedly be better then the current one. After all, it is not all about the amount of money. What if you change your brain later? After all, this is simply not an easy decision. Of course your boss can absolve you and consider you back, but it isn't guaranteed.
