The decision comes in the wake of speculation surrounding Laudrup’s position at the club in recent weeks.
Swansea City chairman Huw Jenkins confirmed that the club have parted company with Laudrup, who took over the managerial reins following the departure of Brendan Rodgers to Liverpool in the summer of 2012.
Laudrup enjoyed an impressive first season in charge of the Swans, guiding them to a ninth placed finish in the Premier League and to their first ever major trophy after they hammered Bradford City in the Capital One Cup Final last season, a victory which earned them a place in the Europa League this season.
This campaign has been a difficult one for the Swans, who currently lie in 12th in the league but are only two points clear of the relegation zone, while there has been uncertainty surrounding Laudrup’s position in recent weeks.
The club confirmed their decision to part company with the Danish boss in a statement on the club website this evening and added that Garry Monk will act as head coach alongside current first team coach Alan Curtis for the foreseeable future.
“It is a decision we have taken reluctantly,” said Swansea City chairman Huw Jenkins. “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.”
The Swansea chairman concluded: “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.”
