These days even modeling a $3 million dollar, diamond-encrusted fantasy bra doesn't provide job security.

The fashion world is abuzz with the news that model Marisa Miller and Victoria's Secret have parted ways, as reported by Page Six.

On the heels of walking in the latest Victoria's Secret fashion show, sources tell the paper that the 31-year old California beauty is no longer working with the lingerie giant.

Miller -- who was just voted No. 2 on AskMen.com's Most Desirable Women list (after Emmanuelle Chriqui) -- has been a Victoria's Secret "Angel" since 2007.

When we contacted Victoria's Secret for their version of the story, they declined comment. Stay tuned...

So, is VS moving onto another Cali stunner with this blonde bombshell?