Moyes took charge of West Ham in November past year, signing a six-month deal following Slaven Bilic's sacking, with the club in the relegation zone.
The announcement arrived barely 12 hours after club co-owner David Gold said he hoped 55-year-old former Manchester United and Everton boss, Moyes, would remain in charge. Click any of these buttons below!
9 - Moyes was West Ham's ninth permanent manager of the Premier League era, and only the 16th in their history.
Moyes was successful in steering the club to safety and the Hammers eventually finished in 13th spot in the table, although he was never able to truly win over the full backing of the fans.
"He, Alan, Stuart and Billy accepted the challenge and attacked it head on, turning around a hard situation".
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West Ham United's search for a new boss is already well underway. They deserve great respect for the job they have done and they leave the Club with our best wishes.
Moyes' assistants Alan Irvine, Stuart Pearce and Billy McKinlay have also departed with immediate effect.
If the bookmakers are to be believed, we are likely to be seeing Manuel Pellegrini in the Premier League again next season, this time as West Ham manager. "We aim to appoint a high-calibre figure who we feel will lead the Club into an exciting future for our loyal supporters within the next ten days".
Sullivan reportedly interviewed Shakhtar Donetsk manager Paulo Fonseca on Monday; the same day Moyes' contract with the Irons expired.
Former Manchester City boss Manuel Pellegrini, now with Hebei China Fortune, and outgoing Paris St-Germain coach Unai Emery have also been linked with the role.