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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the wrong time or in the wrong manner, it can employ a negative effect on your career. You can find a job offer you with another company where the pay out is higher, but you are still not sure if that ongoing work environment will undoubtedly be better then your current one. After all, it isn't all about the amount of money. What if you later on change your brain? After all, this is simply not an easy decision. Of course your boss can forgive you and consider you back, nonetheless it isn't guaranteed.
