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Saturday's 3-1 defeat at Darlington proved to be the former Lincoln boss' last action for the side infamous for their part in SKY documentary 'Big Ron Manager'.
Despite a promising start, United remained undefeated throughout August, Alexander has paid the price of the ambitions of the club following a huge boost in finances.
They have splashed out nearly £500,000 on new players in the January transfer window, and are looking for a return to League 1.
Speculation to his successor is sure to begin tomorrow, and NCM will keep you up to date with Notts looking to better the 0-0 draw between the sides at Meadow Lane, when they head South at the beginning of March.