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The Falkirk board has acted in the wake of Saturday’s 3-0 home defeat by Queen of the South.
A club statement read: “Falkirk FC can confirm that it has come to a mutual agreement with Paul Hartley who will leave the club with immediate effect. The board of directors wish to place on record their gratitude to Paul for all of his work during his time at the Falkirk Stadium. We wish Paul and his family the very best for the future.”
Hartley’s assistant, Gordon Young, will take caretaker charge while the club seek a new manager.
A former Alloa and Dundee boss, Hartley, pictured, was appointed on 4 October last year following the sacking of Peter Houston.
Falkirk were eighth in the Championship at the time and finished in the same position, 17 points clear of safety and 12 points off the top four.