Bournemouth manager Scott Parker was sacked from his Premier League position on Tuesday, three days after their 9-0 defeat to Liverpool at Anfield.
The defeat is the third defeat in a row for Bournemouth in the league after losing 4-0 to Manchester City and 3-0 to Arsenal.
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“I would like to register my gratitude to Scott and his team for their efforts during their time with us,” club owner Maxime Demin said in a statement.
“However, in order for us to continue to progress as a team and as a club as a whole, it is unconditional that we are the same in our strategy to run the club sustainably.”
The club said the search for a new coach would begin immediately and first-team coach Gary O’Neill would take over in the meantime.