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