Everton have parted company with manager Ronald Koeman following a poor start to the season, the club confirmed in a statement.
Following Sunday's 5-2 Premier League loss against Arsenal the club sit in the bottom three. They are also likely to crash out of the Europa League at the group stage after picking up only one point in their opening three games.
The club posted a statement confirming the departure via their Twitter account on Monday afternoon.
Speaking after the defeat to Arsenal, a fifth in nine Premier League games this season, Koeman said he was still the man to turn Everton's fortunes around.