Coventry have parted company with boss Steven Pressley, the club have announced.
The Sky Blues lost a 2-0 lead against 10 men at Sheffield United on Saturday to draw 2-2 and fall into the bottom four in Sky Bet League One.
Pressley had been in charge since 2013 with the weekend's draw his 100th, and final, game in charge.
Chief executive Steve Waggott told the club's official site: "This has been a very difficult decision from a personal and professional point of view, and we would like to place on record our thanks to Steven for his efforts over the last two years.
"But results over recent weeks and months, and our precarious position in the league table, means that a change of direction at first-team level is needed.
"Neil MacFarlane and Dave Hockaday have been placed in temporary charge."
Coventry only won six of their last 28 games under Pressley and are winless in their last seven matches, a run which has seen them drop into the relegation zone.
They are a point from the safety line with a game in hand and host MK Dons on Saturday.
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