Latifi made his F1 debut with Williams at the start of the 2020 season on a three-year contract, but struggled to match teammates George Russell and Alex Albon for form during his time with the team.
The Canadian’s departure had been expected for several months, but Williams confirmed the news on Friday and revealed that his contract will not be renewed.
Williams said it will announce Latifi’s replacement as Albon’s teammate “in due course”.
“I would like to take this opportunity to thank everyone at Williams Racing – all the people at the factory and those I work with on the track – for the past three years,” Latifi said in a statement.
“My first F1 debut was postponed due to the pandemic, but we finally got to work in Austria and although we didn’t get the results we hoped together, it’s been a fantastic journey.
“Getting those first points in Hungary last year was a moment I will never forget, and I will move on to the next chapter of my career with special memories of my time with this dedicated team. I know none of us will stop doing everything we can until the end of the season.”
More to follow…