Borussia MG head coach Lucien Favre has resigned after his side failed to claim a point from the opening five matches of their 2015/16 Bundesliga campaign.
Favre guided Gladbach to a third-placed finish in last season's Bundesliga, a result which saw them qualify for this season's Champions League.
However, the new campaign has begun in disastrous fashion for the Foals, with a 1-0 defeat to FC Koln on Saturday their fifth successive defeat in the league, and one which saw Favre fall on his sword.
"I've come to the realisation that the best decision in this situation is for me to step down," said the 57-year-old.
"I no longer feel that I'm the perfect coach for Borussia Monchengladbach."
He added: "I was privileged to lead the club from near-relegation to the Champions League. There were a lot of unbelievable, exhilarating moments."
Gladbach's director of sport, Max Eberl, released a statement indicating that Favre had retained the board's backing prior to his resignation, and that they had hoped that he would remain in charge.
“As before, we remained certain that Lucien was the right man for the job and that we’d be able to overcome the difficult situation we face on the park with him in charge,” Eberl said.
Club president Rolf Königs added: “We had hoped that we would be able to overcome this episode together, but his decision to make his resignation public knowledge has resulted in the creation of a situation which hurts us. We worked together with Lucien Favre for four and a half wonderfully successful years and are sad that things have ended like this."
Favre took over the reins at Borussia-Park in 2011 and helped transform Gladbach from a club on the verge of relegation to one turning out in European competition