A little under a year after leading Swansea to perhaps their greatest moment, Michael Laudrup was sacked from the manager's post by the English Premier League club on Tuesday night.
Swansea have struggled all season for consistency and currently find themselves dangerously close to the relegation zone, having managed just one win in their last 10 games.
Speculation had been rife over Laudrup's future in the past few days, with the Denmark legend reportedly falling out with the board over the summer, with results in the first half of the season hardly helping matters.
"Swansea City and manager Michael Laudrup have tonight parted company," the club said in a statement on their website on Tuesday.
"Garry Monk will take up the reigns as head coach alongside current first team coach Alan Curtis for the foreseeable future."
Laudrup, who joined Swansea in the summer of 2012, led Swansea to their first major title by winning the League Cup last February, and was linked with several big-name clubs including Chelsea and Real Madrid last summer.
However, the inability to secure Laudrup's future as Swansea's manager seems to have led to the club's board deciding to call time on the former Barcelona and Real Madrid man's career in Wales.
"It is a decision we have taken reluctantly," Swansea chairman Huw Jenkins said. "But it's a decision made in the best interests of Swansea City Football Club and our supporters.
"It is the first time in nearly 10 years that the club has parted with a manager in this way, but we had to remove the constant uncertainty surrounding the club and Michael's long-term future with us.
"I had a meeting with Michael today in a final attempt to support him and establish a way to improve the work of the backroom team to secure the results we need over the final 14 Premier League games.
"However, after thinking long and hard about the best way forward, I felt it was unlikely we would achieve a stable environment at the club to allow us to get back to basics and produce the performance levels that have served Swansea City so well over the last few years.
"Now we need to put that uncertainty behind us and move forward as a united football club on all fronts, while placing on record our gratitude to Michael for the work he has done over the last 18 months and wish him well for the future.
"I hope all our supporters can fully understand how difficult this period has been for us and I would urge everyone connected to the football club to get behind Garry Monk, the staff and players."
Laudrup becomes the seventh Premier League manager to be let go this season, following the departures of Paoli Di Canio (Sunderland), Ian Holloway (Crystal Palace), Martin Jol (Fulham), Steve Clarke (West Brom), Andre Villas-Boas (Tottenham) and Malky Mackay (Cardiff).