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The decision has been made by the club after concerns over refereeing standards have become a recurring theme in the Blasters’ matches this season.
The club announced that an interim coach for the remainder of the season will be named shortly.
Jamshedpur moved up to sixth spot with 18 points from 15 matches, while Odisha stay in bottom place with just eight points from 14 games.
The Yellow Brigade have only themselves to blame for the heartbreaking loss.
It was a much-needed win for the Champions as Jurgen Klopp's team hadn't won any of its previous five games and had dropped off the remorseless title pace being set by City, which has won 8 straight league games.
Hyderabad FC beat Chennaiyin FC 2-0 in the early kick-off to move up to third.
The deal over four years is the biggest signed by any athlete in sports history, says a report in Spanish newspaper El Mundo.
Deshorn Brown’s first-half double was enough to see Mumbai off, despite Adam Le Fondre pulling back a late goal.
The Gaurs went ahead through Igor Angulo's 39th-minute goal but his strike was neutralised by SCEB skipper Daniel Fox (65') who scored his first ISL goal.
The 35-year-old and his partner Georgina Rodriguez could both face a hefty fine if found guilty.
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