Graeme Murty has been sacked as manager of Rangers.
The move comes after the club were beat by their Glasgow rivals 5-0, securing the Scottish Premier League title for Celtic.
The 43-year-old had been given the job in December until the end of the season after a spell in interim charge following Pedro Caixinha's sacking.
Rangers say he has now been “relieved of his duties”.
The club added: "He will take some time to consider his options, which include returning to his role at the Rangers academy. The club hopes to be in a position to comment further on the managerial situation in the near future."
Rangers, whose next game is against Kilmarnock, have been in talks about appointing Liverpool youth coach Steven Gerrard for next season.
Assistants Jimmy Nicholl and Jonatan Johansson will "take charge of the team for the three remaining matches of the season".
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