Gattuso, appointed as player-manager in February, has been replaced by Michel Decastel, coach of the club's youth side for the remaining five games of the campaign.
A statement on Sion's website explained that Gattuso was given his marching orders after the team under his guidance only mustered "10 points from the last 11 matches".
The statement added that getting knocked out of the Swiss Cup and "the recent (5-0) humiliation at Saint Gallen" had not helped his cause.
In a bid to improve their fortunes eight youth team players will graduate to the senior squad.
Gattuso, who as a defensive midfielder played a key role in Italy's World Cup success in Germany, joined Sion after a stellar career with AC Milan in June 2012.
Sion, under president Christian Constantin, hit the headlines in 2011 when fiercely challenging their exclusion from the Europa League for fielding ineligible players in their play-off against Celtic.
FOOTBALL
Sion football team sacks fifth coach this season
Swiss football team FC Sion sacked their fifth manager of the season on Monday with Italian 2006 World Cup winner Gennaro Gattuso relieved of his job after a series of poor results.
RACISM
VIDEO: Spain’s La Liga reviews video of boy racially abusing Vinicius
Spain's La Liga on Monday said it was reviewing a video of a child making racist insults towards Real Madrid forward Vinicius Junior during the 2-2 draw with Valencia at the weekend.
“We’re in the process of studying and analysing the facts from a legal standpoint to see what we can and should do,” La Liga sources said.
In a video published by a journalist for ESPN Brasil, and picked up by Spanish media, a boy sitting in a woman’s lap can be heard calling Vinicius a “monkey”.
Ayer pasó esto en el campo del Valencia
Un niño llamando "mono" a Vinicius, y la madre en vez de regañarle se encara con la que graba pic.twitter.com/XGXj4ADsCc
— Gravesen (@GravesenFumado) March 3, 2024
The Brazilian scored twice for Madrid as his team recovered from two goals down at Mestalla on Saturday.
Vinicius raised his fist in a “Black Power” salute after the first of his two goals at a ground where he was racially abused last season. Valencia subsequently banned three people from the stadium for life.
The 23-year-old has become a symbol of the fight against discrimination in Spanish football after suffering racist abuse on many occasions, and he was jeered repeatedly by home supporters on Saturday.
Jude Bellingham was sent off after the final whistle against Valencia for protesting after the referee blew the final whistle right before the England midfielder headed home what he thought was the winning goal.
READ ALSO: Football star Vinicius highlights racist behaviour from Spanish fans
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