Pip Edwards looks downcast outside her P.E Nation office in Sydney

Pip Edwards was first spotted after announcing that she had laid off six of her employees.

On Monday, the normally vivacious Edwards, 43, was seen without make-up and seemingly lost in thought outside her Sydney office.

Pip looked comfortable on the day in a gray T-shirt under an off-white jumper.

She paired the look with black track pants, a battered leather jacket and a designer handbag.

Pip wore her trademark rusty blonde locks wildly that day and carried a plastic bag and several documents in her hand.

The sighting comes on the heels of the unfortunate news of PE Nation downsizing due to “challenging market conditions.”

Pip Edwards was first spotted after announcing that she had laid off six of her employees. pictured

On Monday, the normally vivacious Edwards, 43, was spotted without make-up and seemingly lost in thought outside her Sydney office

On Monday, the normally vivacious Edwards, 43, was spotted without make-up and seemingly lost in thought outside her Sydney office

“In response to the challenging economic environment, PE Nation’s board has taken steps to streamline and restructure the company,” Edwards said in an official press release. The Daily Telegraph.

“Unfortunately, this has resulted in the difficult decision to lay off six employees.”

Pip added: “These measures are in line with the overall restructuring efforts required to secure the company’s continued growth and success.”

Pip looked comfortable on the day in a gray T-shirt under an off-white jumper

She paired the look with black track pants, a battered leather jacket and a designer handbag

Pip looked comfortable on the day in a gray T-shirt under an off-white jumper. She paired the look with black track pants, a battered leather jacket and a designer handbag

The designer carried a plastic bag and several documents, which may have been related to the dismissal of her staff

The designer carried a plastic bag and several documents, which may have been related to the dismissal of her staff

Pip wore her trademark rusty blonde locks wild that day

Pip wore her trademark rusty blonde locks wild that day

The Sydney socialite launched her activewear label PE Nation in 2016 with her friend and business partner Claire, turning it into an international brand sold by 600 individual retailers in 95 countries.

Earlier this year, Pip had to deny rumors of an argument with Claire, whose office had been vacated after a months-long absence and turned into a “creative space.”

The pair took a business trip to the UK together in November 2022, where they promoted their athleisure company, snapped selfies in London and had lunch with former Foreign Secretary Julie Bishop, among others.

Pip launched her activewear label PE Nation in 2016 with her boyfriend and business partner Claire (right), turning it into an international brand sold by 600 individual retailers in 95 countries

Pip launched her activewear label PE Nation in 2016 with her friend and business partner Claire (right), turning it into an international brand sold by 600 individual retailers in 95 countries

But Daily Mail Australia revealed that rumors had been circulating that the deep friendship at the company’s core may have crumbled during their luxury journey.

A source with knowledge of the company’s internal dealings claimed, “Pip and Claire had a fight.”

The source said Tregoning took a month off in December, extended her break for another month in January, and then opted for a further three months leave.

Pip Edwards (right) and Claire Tregoning (left) went on a business trip to the UK together in November 2022, promoting their athleisure company and taking selfies in London

Pip Edwards (right) and Claire Tregoning (left) went on a business trip to the UK together in November 2022, promoting their athleisure company and taking selfies in London

Edwards posted photos from PE Nation's headquarters in Sydney

Pictured: Photo of Edwards from PE Nation headquarters

Pip had to deny rumors of an argument with Claire, whose office had been vacated after months of absence and turned into a “creative space.” Edwards posted photos from PE Nation headquarters in Sydney (pictured)

Her office at the company’s Sydney headquarters has now been vacated and set up as a “creative space.”

A spokeswoman for PE Nation denied the pair are arguing, insisting they remain “committed and collaborative business partners.”

“Claire is taking some well-deserved time off and will continue to be an important part of PE Nation,” the spokeswoman said. “(She) is taking a well-earned sabbatical for a few months.”

Pip released a statement this week explaining that the

Pip released a statement this week explaining that the “reshuffle” in her company was due to “challenging market conditions” taking a toll on the fashion brand

Tregoning repeated the message when contacted for comment, adding: “The company and Pip are both very supportive of my sabbatical and I am grateful to have this time off with my family.”

She did not respond to questions about the evacuation of her headquarters office, but the PE Nation spokeswoman admitted that it has been repurposed for the duration of her absence.

“While Claire is out of the office, we use her office space for other purposes, including a meeting and creative space,” they said.