If the question is - should I tell them I am looking at / pursuing other opportunities either inside or outside the company then I think you may have to spin the answer. I wouldn't say you are looking or are not looking. I'd focus on what you want - what things you like about your company / role, and what things you wish were a bit different but in a positive way. Example - let's say you are working well over 40 hours per week and would prefer not to. I'd say then you go in with a statement that you'd like to reduce the overtime and possibly some suggestions on how - more automation, training on a software that would allow you to work faster, etc. If no suggestions, then just state that. I really would like to get work-life balance and reduce the required hours down closer to 40 and have been thinking on how to do that but have not come up with any viable ideas - do you, as my manager have any suggestions, etc. Take your concerns and say them as honestly as you can but in a way that is perceived as helpful. Perhaps this will help you make your decision as to whether to stay or go. They might surprise you or they may show you that nothing will change and make you feel better about going. Good luck.
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