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(CNN) -
Manchester United confirmed the departure of manager Ole Gunnar Solskjaer, a day after the club suffered a humiliating 4-1 Premier League loss to Watford.
Solskjaer has had a disappointing start to the season, with the club ranking seventh in the tournament.
They have lost four of their last five league games, including a 5-0 home loss at the hands of Liverpool.
The former United striker took over as interim manager in 2018 and was subsequently awarded a permanent contract, but his position has been under scrutiny for several weeks.
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"Ole will always be a legend at Manchester United and we regret reaching this difficult decision," the club said in a statement.
"While the last few weeks have been disappointing, they shouldn't hide all the work you've done over the past three years to rebuild the foundation for long-term success."
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Assistant coach Michael Carrick will take over the team for its next matches, while the club looks for a permanent replacement for Solskjaer.
Manchester United