The statement on www.qpr.co.uk reads
Queens Park Rangers Football Club have parted company with Gary Waddock.
Waddock was named as manager on June 28 after a spell as caretaker manager following the departure of Ian Holloway.
The former Rangers midfielder moved into a coaching role when John Gregory was then appointed at the end of last month.
QPR would like to thank Gary and wish him every success in the future.