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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 wrong time or in the wrong way, it can employ a negative effect on your profession. You may get a working job give with another organization where the pay out is higher, but you are still not sure if that ongoing work place will be better then your current one. After all, it is not all about the money. Imagine if you later change your brain? After all, this is simply not a straightforward decision. Of course your boss can forgive you and take you back, but it is not guaranteed.
