Chilean national coach Claudio Borghi was sacked on Wednesday following his side's 3-1 defeat to Serbia in St Gallen.
The 48-year-old Argentinian - who replaced compatriot Marcelo Bielsa in February last year - paid the price for a slump in form that has seen Chile lose three successive 2014 FIFA World Cup Brazil™ qualifiers and slump to sixth in the standings.
"The record isn't good after the last four matches we have played and a few minutes ago I met a couple of the federation's directors who asked me to step down," said Borghi.
"I have already announced the news to the players. They (the directors) asked me to go, I have been sacked and I have not resigned.
"This closes a really nice chapter in my life, and I am really proud to have been the coach of Chile."
Despite their loss of form Chile only trail fourth and fifth placed Venezuela and Uruguay by virtue of a worse goal difference with seven matches remaining.
The first four earn an automatic place at the finals in Brazil while the fifth placed team go into a play-off.