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If you are switching jobs:
"I'm leaving the company" is a phrase that requires a lot of courage. When pronounced at the wrong time or in the wrong way, it can employ a negative effect on your career. You can find a working job present with another organization where the pay is higher, but you remain uncertain if that work environment will undoubtedly be better then the current one. After all, it isn't all about the money. Imagine if you change your brain later? After all, this is simply not a straightforward decision. Of course your boss can forgive you and hire you back, but it isn't guaranteed.
