Jets assistant coach Perry Pearn was also relieved of his duties.
The coaching change is expected to spark several others, though more focused on the team's current roster.
Jets GM Kevin Cheveldayoff has been engaged in numerous trade discussions with several clubs, including the likes of the Pittsburgh Penguins, Montreal Canadiens, Toronto Maple Leafs, Philadelphia Flyers, Detroit Red Wings and Boston Bruins, among others.
"Will further changes have to be made over the course of time? Sure," Cheveldayoff told the local media, as quoted by the Winnipeg Free Press. "It's just now trying to figure out what is going to be the best direction for those changes moving forward."
The Jets are actively shopping left wing Evander Kane and defenseman Dustin Byfuglien, but have also received calls about forwards Andrew Ladd, Devin Setoguchi and Blake Wheeler, and defenseman Zach Bogosian.
Cheveldayoff met with his players earlier today and updated them on the entire situation.
"The nuts and bolts are going to stay within the room," he said. "But, generally speaking, any time good people lose their opportunities at their job there's responsibility that has to be taken by everybody. We talked long about that. We talked about the life of being in professional sports and the accountability and levels people are held to in those regards. We talked that it's not always fair but there are some realities and each and every one of them and all of us have to look at how we can be better and see where maybe we would have done some things differently and not get to this point."
Members of the Jets understand that change was needed and that more moves are on the horizon.
"The way we've been going, some sort of change was probably inevitable," Jets forward Blake Wheeler told the Free Press. "Unfortunately, this is going to have to be a wake-up call for our team. I don't want to say anything was needed because those are two good guys that lost their job today. It's tough, but the way things were going... it wasn't going. If this is what it's going to take to get us pointed in the right direction then I guess that's what needed to happen."