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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires plenty of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative impact on your profession. You may get a working job offer with another business where the pay is higher, but you remain uncertain if that ongoing work place will undoubtedly be better then the current one. After all, it isn't all about the amount of money. What if you later change your mind? After all, this is simply not an easy decision. Needless to say your boss can forgive you and consider you back, but it is not guaranteed.
