The former striker took over at the Pirelli Stadium for his second stint as manager in January 2021, guiding them to safety that season and then to 16th in 2021-22.
But the former QPR and Northampton boss has endured a nightmare start to the new campaign with just one point from Burton’s seven games.
They lost 2-1 away at Oxford on Saturday, taking their tally to a whopping 20 goals conceded already.
Burton also lost in the first round of the Carabao Cup to Rochdale but did get their only win of the campaign in a 4-2 victory over Leicester’s Under-21s in the EFL Trophy.
According to Sky Sports, the 23-cap Dutch international Hasselbaink has walked away before he is sacked.
The news comes just hours after the ex-Leeds and Middlesbrough star was a pundit on Super Sunday for the Premier League action at Brighton and Manchester United.
Hasselbaink, who scored 87 goals in 177 Chelsea appearances, said: “He’s come in [and scored] three goals, made chances, made others around him play better.