Notts County have sacked manager Ian McParland following Sunday's 2-2 draw with Torquay United.
McParland has been axed despite the ambitious Magpies being just four points off the pace being set by Bournemouth at the top of the League Two table.
The Magpies have taken 21 points from a possible 36 at the start of the new season.
"Notts County Football Club this afternoon (Monday) announced that they have parted company with manager Ian McParland," read a brief club statement.
"A further announcement will be made shortly."
Director of football Sven-Goran Eriksson, who was appointed when the club was taken over by Middle Eastern investors in July, is now expected to step in and take over first-team coaching duties.
McParland's future had been unclear since Munto Finance took over during the summer and set about raising the profile of the club.
Until now, former England manager Eriksson has mainly been responsible for player recruitment as part of the club's plan to reach the Premier League within five years.