The 56-year-old took over in February 2018 and won 21 of his 52 games in charge
Steve Evans has left his role as Peterborough United manager.
United announced the departure of Evans, and assistant Paul Raynor, in the wake of their 1-1 home draw with Charlton.
Evans has been sacked as Peterborough United manager
The 56-year-old Scot has won 21 of his 52 games in charge at ABAX Stadium, with the club now sitting sixth in League One.
“The football club wishes to announce that the manager Steve Evans and assistant manager Paul Raynor have been released from their contracts with immediate effect,” a statement read.
“We would like to thank both Steve and Paul for their efforts on behalf of the football club. We wish them and their families all the best for the future.”
Evans was appointed Peterborough boss in February last year. He began this season with five straight league wins, but the club has slowly moved down the table since and were knocked out of the Checkatrade Trophy by Portsmouth on Tuesday.
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Evans’ last match saw his goalkeeper Conor O’Malley earn Posh a point with a 79th-minute penalty save after Jason Naismith brought down Josh Cullen on the edge of the area, although replays suggested he took the ball first.
Addicks striker Karlan Grant, who has been strongly liked with a move to Premier League Huddersfield, saw his weak penalty saved.