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If you are switching jobs:
"I'm leaving the company" is a phrase that will require a lot of courage. When pronounced at the incorrect time or in the wrong manner, it can employ a negative impact on your career. You may get a working job give with another firm where the pay out is higher, but you are still not sure if that work place will undoubtedly be better then the current one. After all, it is not all about the money. What if you later on change your mind? After all, this is simply not a straightforward decision. Of course your boss can absolve you and hire you back, nonetheless it is not guaranteed.
