Giovanni van Bronckhorst has been fired as manager of Rangers.
With the Gers trailing rivals Celtic in the Scottish Premiership and having a miserable Champions League season, the Dutchman has been relieved of his duties.
Rangers have lost two and drawn one of their last five games, leaving them nine points behind their fierce rivals.
In Europe this season, they have also been humiliated, losing all six of their group games, including a 7-1 drubbing at the hands of Liverpool.
The club has decided to make a change after taking a break from domestic play to attend the World Cup, with Van Bronckhorst being cut from the roster.
After Steven Gerrard left for Aston Villa, Van Bronckhorst, a former player at Ibrox, was named as Rangers manager a year ago.
Rangers won the Scottish Cup and the Europa League under his leadership in his first season, but they were unable to win the Scottish Premiership.
Douglas Park, the Rangers’ chairman, said: “I want to thank Gio for the hard work he has put in over the last 12 months and, especially, the achievements of taking the club to the Europa League final and winning the Scottish Cup last season.
“Unfortunately, recent results have not met neither our nor Gio’s expectations, and we have taken this difficult decision today. Everyone at Rangers wishes Gio every success in the future.”
