Speaking after the decision was made public Trinity chairman Peter Swann said, "I don't know if there's any good time to make a sacking. But you give yourself a better chance if, when things aren't going right, you make it early."
Gainsborough had made a poor start to the new Blue Square North season, they currently reside in 17th position after winning just one of their opening fixtures, conceding 8 goals along the way.
Former Aston Villa, Stoke City and Leicester City manager Little oversaw a disappointing finish for Trinity last season, they ended up in 18th position.
It is understood that Peter Swann will take temporary charge of first team affairs as Gainsborough search for a new manager.
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