Britney Spears is ready to start new chapters in both her professional and personal lives.

On Friday, she not only confirmed her departure from The X Factor -- she announced her split from fiance Jason Trawick. She told People magazine, "Jason and I have decided to call off our engagement. I'll always adore him and we will remain great friends." The couple got engaged in 2011. 

Jason also issued a statement, saying, "As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever."

According to TMZ one of the major reasons behind the breakup was that Britney wanted more kids and Jason did not.

Jason has been removed as Britney's co-conservator. Her dad Jamie Spears is once again her sole conservator.

She's already returned her $90,000 engagement ring.

Also on Friday, news broke that Britney's in talks to do a Las Vegas residency and has signed with Creative Artists Group to represent her.