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Switching a company is a good. But doing it frequently will create a bad impression on your resume as you will instill in them the sense that you are not a trustworthy or long-term employee. They will feel like, you will be jumping from their company too after some months or years. That is a problem. But there are companies who doesn't care much about this.

Hence, I would personally recommend you to stay atleast for 2 years in a company, then switch. Because switching is the only way you could get a really good salary hike.

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