The Club would like to place on record its thanks for the hard work, honesty and integrity he brought to the role. He was dismissed at a meeting with executive vice-chairman Ed Woodward at the club's Carrington training ground shortly after 0800 BST.
50 year old Moyes was Ferguson's choice to take over after he retired last summer after being at the helm for 26 years.
Rumours had been going around since yesterday that the club wants to fire moyes but the club had kept silence over those reports.
Legendary player-coach Ryan Giggs has been offered the temporary position as coach in face of United next game against Norwich this saturday.
Manchester United had lost to Bayern Munich in the champions league and also to Sunderland in League Cup semi-final.
This weekend's loss to Moyes's old club Everton was the last straw for the management.
At the weekend, Manchester-born striker Danny Welbeck was reported to be considering his future after becoming frustrated at regularly being played out of his favoured position.
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