Girardi and the Yankees were one win away from reaching this year's World Series but fell to the Houston Astros in Game Seven of the American League Championship Series on Saturday.
"I want to thank Joe for his 10 years of hard work and service to this organization,” Yankees General Manager Brian Cashman said in a statement.
"Everything this organization does is done with careful and thorough consideration, and we’ve decided to pursue alternatives for the managerial position."
Joe Girardi through the years
Joe Girardi through the years
HOUSTON, TX - OCTOBER 21: Manager Joe Girardi #28 of the New York Yankees is seen before Game 7 of the American League Championship Series against the Houston Astros at Minute Maid Park on Saturday, October 21, 2017 in Houston, Texas. (Photo by Cooper Neill/MLB Photos via Getty Images)
NEW YORK - CIRCA 1989: Joe Girardi #7 of the Chicago Cubs looks on during batting practice before an Major League Baseball game against the New York Mets at Shea Stadium circa 1989 in Queens borough of New York City. Girardi played for the Cubs from 1989-92. (Photo by Focus on Sport/Getty Images)
CHICAGO, IL - APRIL 10: St. Louis Cardinals runner Bernard Gilkey (L) is tagged out at home plate by Chicago Cubs catcher Joe Girardi 10 April,1992. as he tried to score on a Pedro Guerrero pop-out in the ninth inning. The Cardinals won 2-1 in 11 innings. AFP (Photo credit should read EUGENE GARCIA/AFP/Getty Images)
SCOTTSDALE, AZ - MARCH, 1995: Catcher Joe Girardi #7 of the Colorado Rockies poses for a portrait circa March, 1995 in Scottsdale, Arizona. (Photo by Bruce Bennett Studios/Getty Images)
TAMPA BAY, FL - MARCH 4 : Joe Girardi #25 of the Yankees looks on during spring training work out on March 4 , 1997 at Legands Field in Tampa Bay, Florida. (Photo by Mitchell Layton/Getty Images)
New York Yankees' relief pitcher Mariano Rivera (R) celebrates his team's win over the Cleveland Indians at the end of the game with catcher Joe Girardi in game One of the American League Divison series, September 30 at Yankee Stadium. The Yankees won the game 8-6.
New York Yankees pitcher Andy Pettitte hands the ball to manager Joe Torre (L) in front of catcher Joe Girardi as he is removed from the game during the fourth inning in Game 3 of the World Series against the Atlanta Braves October 26.
Chicago Cubs catcher Joe Girardi teaches Japanese and American children how to pitch the ball during a baseball clinic at the US Camp Zama, 45km (28 miles) southwest of Tokyo March 26. The Chicago Cubs arrived on Saturday for the Major League Baseball Opening Series 2000 against the New York Mets. Marking the first time for Major League Baseball teams to play regular-season games outside North America, the game will be played in Tokyo March 29 and March 30.
Chicago Cubs catcher Joe Girardi dives to tag Minnesota Twins pitcher J.C. Romero as Romero dives into home plate on a single by Jacque Jones in the fifth inning in Chicago's Wrigley Field, June 15, 2001. Girardi was late with the tag, and Romero, coming in from second base, was safe on the play.
Chicago Cubs player representative Joe Girardi makes his way through
the media on his way to the Major League Baseball players' union
representative meeting at the O'Hare Hilton hotel in Chicago August 12,
2002. REUTERS/Frank Polich
Florida Marlins new manager Joe Girardi stands prior to a game against the San Diego Padres during MLB action at Dolphin Stadium in Miami, Florida, April 11, 2006. REUTERS/Marc Serota
Joe Girardi holds up his New York Yankees jersey after being introduced as the baseball team's new manager in New York, November 1, 2007. REUTERS/Ray Stubblebine (UNITED STATES)
New York Yankees manager Joe Girardi plays with his daughter Lena on the field after the Yankees come-from-behind win over the Toronto Blue Jays in their MLB American League baseball game at Yankee Stadium in New York, June 5, 2008. REUTERS/Ray Stubblebine (UNITED STATES)
New York Yankees manager Joe Girardi stands in the dugout during the seventh inning of their MLB American League baseball game against the Toronto Blue Jays in Toronto, September 23, 2008.
REUTERS/Mike Cassese (CANADA)
New York Yankees manager Joe Girardi (L) argues a call with first base umpire Bill Welke in the sixth inning at their MLB Inter-League baseball game in Atlanta, Georgia, June 24, 2009. Girardi was ejected from the game. REUTERS/Tami Chappell (UNITED STATES SPORT BASEBALL)
New York Yankees Manager Joe Girardi speaks to reporters at Yankee Stadium during "workout day" before the 2009 Major League Baseball World Series between the Yankees and the Philadelphia Phillies in New York October 27, 2009. Game 1 of the World Series is scheduled for October 28 at Yankee Stadium. REUTERS/Ray Stubblebine (UNITED STATES SPORT BASEBALL)
New York Yankees manager Joe Girardi holds the World Series Championship trophy after the Yankees defeated the Philadelphia Phillies in Game 6 of the 2009 Major League Baseball World Series for their 27th World Series win in New York November 4, 2009. REUTERS/Mike Segar (UNITED STATES SPORT BASEBALL)
New York Yankees manager Joe Girardi watches the Yankees players on the field during the sixth inning of their MLB American League baseball game against the Tampa Bay Rays in St. Petersburg, Florida, April 9, 2010. REUTERS/Scott Audette (UNITED STATES - Tags: SPORT BASEBALL)
U.S. President Barack Obama stands next to N.Y. Yankees manager Joe Girardi as Obama hosts the 2009 World Series Champions New York Yankees in the East Room of the White House in Washington, April 26, 2010. REUTERS/Larry Downing (UNITED STATES - Tags: SPORT BASEBALL POLITICS)
American League All-Star manager Joe Girardi of the New York Yankees takes the field during practice for Major League Baseball's All-Star Game in Anaheim, California July 12, 2010. REUTERS/Danny Moloshok (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees' third baseman Alex Rodriguez (L) and manager Joe Girardo speak to reporters at a news conference following the death of Yankees' principal owner George Steinbrenner, in Anaheim California July 13, 2010. REUTERS/Robert Galbraith (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees manager Joe Girardi (L) congratulates batter Juan Miranda after he drew a bases loaded walk to beat the Boston Red Sox in the tenth inning of their MLB American League baseball game at Yankee Stadium in New York September 26, 2010. REUTERS/Ray Stubblebine (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees manager Joe Girardi watches during Game 1 of their Major League Baseball ALCS playoff series against the Texas Rangers in Arlington, Texas, October 15, 2010. REUTERS/Jeff Haynes (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees manager Joe Girardi poses during media photo day at the team's spring training camp at George M. Steinbrenner Field in Tampa, Florida, February 23, 2011. REUTERS/Steve Nesius (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees manager Joe Girardi throws a signed baseball to fans before his team met the Miami Marlins during their MLB spring training baseball game in Miami, Florida, April 1, 2012. The game is the first Major League game played in the new Marlins Park stadium. REUTERS/Joe Skipper (UNITED STATES - Tags: SPORT BASEBALL)
Second base umpire Jeff Nelson ejects New York Yankees manager Joe Girardi as he argues a call during the eighth inning of Game 2 of the MLB ALCS playoff baseball series against the Detroit Tigers in New York, October 14, 2012. REUTERS/Mike Segar (UNITED STATES - Tags: SPORT BASEBALL)
New York Yankees manager Joe Girardi celebrates with batter Vernon Wells (R) after he drove in the winning run to beat the Baltimore Orioles in the ninth inning of their MLB American League game at Yankee Stadium in New York, July 5, 2013. REUTERS/Ray Stubblebine (UNITED STATES - Tags: SPORT BASEBALL)
Feb 11, 2014; Bronx, NY, USA; New York Yankees manager Joe Girardi introduces new right hand pitcher Masahiro Tanaka, during press conference at Yankees Stadium. Mandatory Credit: Noah K. Murray-USA TODAY Sports
Oct 12, 2017; Houston, TX, USA; New York Yankees manager Joe Girardi (28) looks on during workouts at Minute Maid Park. Mandatory Credit: Shanna Lockwood-USA TODAY Sports