The Panthers head coach, who was just hired by the billionaire hedge fund manager in January, has been relieved of his coaching duties after another loss ... this time to the Titans in Tennessee.

The team, which has lost 4 straight, has the worst record in football at 1-10.

"I met with Coach Reich this morning and informed him that he will not continue as head coach of the Carolina Panthers. I want to thank Frank for his dedication and service, and we wish him well," a statement released by Tepper said.

Adding to the bleak outlook in Carolina is the quarterback situation. The team selected Bryce Young with the first overall pick in this year's NFL Draft, opting to pass up other signal callers, including C.J. Stroud.

Stroud, who has the Texans in playoff contention, has played out of his mind ... and is even in the MVP conversation.

Meanwhile, Young hasn't been good.

Reich, regarded as a solid coach around the league, was fired mid-season last year by the Colts before being hired by Tepper.