The former England boss won just six of 28 Premier League games in charge of the Magpies, who are just one place off the foot of the table.
McClaren and his team were booed off following Saturday’s 3-1 loss to Bournemouth at St James’ Park – their third successive league defeat.
Former Liverpool, Chelsea, Real Madrid and Inter Milan boss Rafael Benitez has been tipped to take over.
McClaren’s future has been a source of almost constant speculation since the defeat to the Cherries.
Match of the Day presenter Gary Lineker tweeted: “Newcastle have finally put Steve McClaren out of his misery.
“The running of that great football club is beyond shambolic.”
McClaren signed a three-year contract with the Magpies in June after the club avoided relegation on the final day of last season.
Club statement
After the defeat to Bournemouth on Saturday, the club has spent some time considering its position and has today concluded that Steve McClaren’s employment with the club will end with immediate effect.
We acknowledge that reaching this decision has taken a number of days and that this has caused uncertainty for everyone involved, in particular for Steve and the players, for which we apologise.
However, we felt that this time was necessary to ensure the right decisions were reached with the best interests of the club at heart.
Managing director Lee Charnley added: “I would like to thank Steve personally for his services to Newcastle United.
“He is a man of integrity and class and he has conducted himself with great dignity during this difficult time.
“Steve worked tirelessly to try and bring success to Newcastle United.
He has the utmost respect of all the players, staff and management and he leaves with our very best wishes and sincere thanks.
“We feel that a change is now needed in order to give the club the best possible chance of securing its Premier League future. A further announcement on a successor to Steve will be made in due course.”
Newcastle’s recent form
McClaren spent about £80m on players during his time at St James’ Park, including £30m on midfielders Jonjo Shelvey, Andros Townsend and Henri Saivet in January.
However, the signings have failed to help improve the club’s form and they have won just one of their past six league games, conceding 14 goals in defeats by Watford, Everton, Chelsea, Stoke and Bournemouth.
As well as Newcastle, Derby and England, McClaren has managed Middlesbrough, Dutch side FC Twente and Wolfsburg in Germany.
credit: bbc
