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If you are switching jobs: "I'm leaving the company" is really a phrase that will require plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative impact on your career. You can find a job give with another organization where the pay out is higher, but you are still uncertain if that ongoing work environment will be better then the current one. After all, it isn't all about the amount of money. What if you later on change your mind? After all, this is not an easy decision. Needless to say your boss can forgive you and take you back, but it is not guaranteed.