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If you are switching jobs:
"I'm leaving the company" is a phrase that will require lots of courage. When pronounced at the wrong period or in the wrong manner, it can have a very negative impact on your profession. You can find a job offer with another firm where the pay out is higher, but you remain not sure if that ongoing work environment will be better then your current one. After all, it is not all about the money. Imagine if you later on change your brain? After all, this is simply not an easy decision. Of course your boss can absolve you and take you back, but it is not guaranteed.
