Sunday's 1-0 loss at home to AS Roma extended Parma's winless run to seven games which has seen the club drop to 18th place in the standings, having won just four of their 25 league games.
Pecchia had taken charge in 2022 with Parma in Serie B, and in his first season the club lost out in the promotion playoffs before winning the second tier championship last season to secure automatic promotion to the Italian top flight.
In October, Parma renewed Pecchia's contract until 2027, but the side's descent into the bottom three has brought a premature end to his time at the club. Parma host Bologna on Sunday.
Although if at first no name was officialized yet as replacement, it was later decided that former defender Cristian Chivu is appointed as interim manager of the team.