Cowdenbeath have parted company with manager Liam Fox in the wake of Saturday's 2-0 defeat to Stirling Albion at Central Park.
The 33-year-old former Hearts coach took over from Colin Nish last summer but the team are currently seven points adrift at the foot of the Ladbrokes League 2 table.
A statement on the club website on Monday evening read: "At tonight’s board meeting the directors of Cowdenbeath FC accepted the resignation of head coach Liam Fox.
"He now leaves his role at the club by mutual consent. The club regrets that despite Liam’s great efforts and true professionalism he was not able to bring the success we all wished for.
"He did face a number of challenges this season, some of which few managers would normally expect to encounter, especially in their first season in management. He leaves Central Park with the respect and best wishes of the chairman and all the directors of the club."
Cowdenbeath, whose next game is against Berwick Rangers at Shielfield on Saturday, are now inviting applications for the post of manager.