Ronald Koeman has been sacked as head coach of Barcelona after just 14 months in charge of the Catalan giants.
Barca have collected just 15 points in their 10 La Liga matches and have already lost twice in the group stage of this season’s Champions League.
They currently sit ninth in La Liga, six points behind league leaders Sevilla after falling to defeat against Rayo Vallecano on Wednesday.
The loss was Barca’s third in their last four games and it followed defeat in Sunday’s Clasico to Real Madrid.
In a club statement, the Spanish club said: “The president of the club, Joan Laporta, informed him [Koeman] of the decision after the defeat against Rayo Vallecano.
“Ronald Koeman will say goodbye to the squad on Thursday.”
The former Netherlands, Everton and Southampton boss, 58, could only guide the five-times European champions to third place finish during the 2020/2021 campaign.
Koeman has not been helped by the club’s financial issues, which saw Lionel Messi exit the club and later sign for French side, Paris St-Germain in mid-August.
Barcelona couldn’t spend any money on new signings in the summer, with Memphis Depay, Sergio Aguero and Eric Garcia all arriving as free transfers and striker Luuk de Jong joining from Sevilla on a season-long loan.
Speaking after Wednesday’s defeat in Madrid, Koeman said: “It [Barcelona’s league position] says we’re not well.
“The team has lost balance in the squad, lost very effective players, which shows. In recent years other clubs have strengthened every season and we haven’t, which also shows.”
It marks the first time since September 1987 that Barca have lost three away games in a row without scoring – a run that subsequently resulted in the sacking of English manager Terry Venables.
Koeman won the Copa del Rey at the end of his first season, however Barca finished behind Atletico Madrid and Real Madrid in La Liga with their lowest points tally since 2008.
The former Netherlands centre-back played for the Spanish giants from 1989 to 1995, guiding them to four league titles and the European Cup in that time.
He was brought back to the Camp Nou on 19 August 2020 as head coach by former president Josep Maria Bartomeu.
Newly appointed president Laporta, in the mean time, frequently made it clear the Dutchman was not appointed by him.
The duo had a troubled relationship, and Koeman released a statement in September asking to be given time to rebuild after losing Messi and fellow forward Antoine Griezmann in the summer.
After the defeat to Real Madrid on Sunday, Koeman’s car was surrounded by some Barcelona supporters, who he later brushed off as “uneducated people”.