Swansea City have parted company with manager Kenny Jackett after three years at the helm of the League One club.
Jackett, who managed Watford before taking the City helm in 2004, decided to step down following discussions with Swans chairman Huw Jenkins.
Swansea's promotion push has suffered a recent dent with back-to-back victories by Cheltenham and league leaders Oldham in recent weeks.
But despite the recent poor form, the Swans remain seventh in the League One table and just two points adrift of the play-off zone.
"After a full and frank discussion between Kenny and chairman Huw Jenkins on Monday afternoon, the club felt that Kenny was the best person to reverse the recent slump in form," read a club statement.
"However, after thinking long and hard about the situation over the past 48 hours, Kenny has reluctantly come to the conclusion that the time is right for him and the club to make a clean break.
"The board of directors has tried to change Kenny's mind, but he feels that he no longer has the 100 per cent support of everybody connected with the club.
"When you consider that in the three years that Kenny has been manager, we have won three cups, gained promotion from League Two and come within a penalty shoot-out of reaching the Championship, the club feels that some of the criticism directed at Kenny from all quarters has been excessive.
"This is a very sad day for everybody at Swansea City."
Jackett's number two Kevin Nugent has been placed in temporary charge of first-team affairs.