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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require lots of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative effect on your profession. You can find a working job offer you with another company where the pay out is higher, but you remain uncertain if that ongoing work place will be better then the current one. After all, it is not all about the money. Imagine if you later change your brain? After all, this is not a straightforward decision. Needless to say your boss can forgive you and consider you back, but it is not guaranteed.
