Wow, Britney sure doesn’t waste any time. Just hours after announcing she would not be returning to “The X Factor” next season, Spears also announced that she and fiance Jason Trawick are splitting up.

Apparently, the split has been in the works for some time, but the former couple decided to wait until Trawick’s conservatorship over Britney’s affairs (he has been her agent for years) was disbanded. The conservatorship is now solely back in the hands of Brit’s father.

A spokesman for the couple said: “Britney Spears and Jason Trawick have mutually agreed to end their one-year engagement…They came to the difficult decision to go their separate ways, while continuing to remain friends.”

The singer began dating Trawick in 2009, and they became engaged two years later in December 2011. But over the last few months, there seemed to have been trouble in paradise.

“The romance is gone,” a source recently said to Us Weekly. ”[Trawick] puts her on speakerphone so friends can hear her nagging.” Yet another source said, “I’d be shocked if they got married.”

Apparently, Jason wanted to end the engagement weeks ago, but agreed to wait until Britney’s “X Factor” duties ended.

As for Britney herself, she had this to say in a statement: “Jason and I have decided to call off our engagement. I’ll always adore him and we will remain great friends.”

Jason, 41, also issued his own statement to air his feelings on the break. He said: “As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever.”

What’s next for Britney? Reports say she is considering a performance residency in Las Vegas. She also wants to get back into the studio, which is why she quit “X Factor.”

“I’ve made the very difficult decision not to return for another season,” she said of her show departure. “I had an incredible time doing the show and I love the other judges and I am so proud of my teens, but it’s time for me to get back in the studio.”

“Watching them all do their thing up on that stage every week made me miss performing so much,” she added. “I can’t wait to get back out there and do what I love most.”