Ashanti is about to be ass out at The Inc.

The Grammy Award-winning singer — who will appear in a new revival of Broadway’s The Wiz this summer — is about to be handed her walking papers from her boss — and alleged former lover — Irv Gotti.

“The relationship has run its course,” Irv explained earlier this week while visiting the MTV offices. “The chemistry of what’s needed — we’re in two totally different places. You’re talking to somebody that took her and shaped and molded her and put her out there for the world, and it blew up. We [hold the record] for the [fastest] selling debut by a female R&B artist — 503 [thousand]. We did it! My views and philosophies and her views and philosophies are not meeting up.”

Ashanti’s last LP, The Declaration, was released last June after being created with virtually no input from Gotti.

“I don’t think she can win. She needs some guidance with that,” Gotti — who appears on the VH1 reality series Gotti’s Way added. “But she’s not thinking like that. Really, I couldn’t tell you what she’s thinking. So that relationship has run its course and honestly, I’m gonna just drop her.”