Swansea have announced that they have sacked manager Garry Monk.
Monk guided the Swans to eighth place in the Premier League last season, but their form has nosedived since the start of this campaign.
They have won just one of their last 13 games, and Saturday's 3-0 home defeat by Leicester left them a point above the relegation zone.
On Tuesday, Swansea chairman Huw Jenkins dropped a strong hint that Monk was on his way out of the Liberty Stadium, and the club confirmed the news a day later.
Swansea City has today reluctantly parted company with manager Garry Monk - https://t.co/qtkGlthU9m pic.twitter.com/REhvbDKJkr
- Swansea City AFC (@SwansOfficial) December 9, 2015
"Swansea City has today reluctantly parted company with manager Garry Monk," a Swansea statement read.
"With the recent uncertainty surrounding the club, the decision has been made in the best interests of Swansea City Football Club and its supporters."
Monk first took charge of Swansea on a temporary basis in February 2014, before being given the job permanently in the summer after steering them away from the threat of relegation.
Last season, they picked up a club record number of Premier League points.
Jenkins added: "The decision has been made very reluctantly and with a heavy heart.
"To find ourselves in our current situation from where we were in the first week of September, and considering the drop of performance levels and run of results over the last three months, it has brought us to this unfortunate decision today.
"Garry took on the job 22 months ago with the backing of everyone at the club.
"And when you take into account the excellent campaign we had last season, when we broke all club records in the Premier League, nobody foresaw the position we would be in at this moment in time.
"Bearing that in mind, and the current uncertainty around the club, we felt the situation needed clarity to move forward.
"It was not a decision we took lightly, especially given Garry's history and standing within the club.
"It goes without saying that we wish Garry all the very best for the future and thank him for his tremendous service, not only as a player over the last decade, but also as our manager. He will always have a warm welcome at this football club.
"We hope to appoint a replacement as soon as possible."