Scholes has walked away from Boundary Park over claims of damaged guarantees from his hometown group.
The 44-year-old took cost at Oldham final month and received his first match, however the ex-England midfielder failed to select up one other victory in his subsequent six video games and leaves with the aspect languishing in 14th place within the fourth tier.
“It’s with nice remorse that I’ve determined to depart the membership with instant impact,” Scholes mentioned in an announcement.
“I hoped to on the very least, see out my preliminary time period of 18 months because the supervisor of a membership I’ve supported all my life. The followers, gamers, my family and friends all knew how proud and excited I used to be to take this function.
“Within the quick interval since I took on the function it sadly turned clear that I might not be capable of function as I supposed and was led to imagine previous to taking up the function.
“I want the followers, the gamers and the workers – who’ve been large – all the very best for the remainder of the season and can proceed to look at and help the membership as a fan.”
Scholes, who received Premier League and Champions League titles throughout a glittering taking part in profession with United, was appointed as Oldham boss on a one-and-a-half-year deal on February 11.
He resigned as a membership director at non-league Salford, whereas retaining his 10 p.c stake, earlier than taking the job.
Scholes’ departing assertion is at odds with proprietor Abdallah Lemsagam saying upon his appointment in February that “Paul can have my backing 100 p.c”.
In an announcement confirming Scholes’ exit, Oldham mentioned: “Oldham Athletic Soccer Membership can affirm that Paul Scholes has resigned from his place as first-team supervisor with instant impact.
“We wish to place on report our because of Paul for his efforts throughout his spell answerable for the membership and wish to want him nicely for the longer term.”
Scholes made 718 appearances for United, scoring 155 objectives in all competitions, and received 66 caps for England.
However his first managerial job has resulted in much less auspicious circumstances.
Scholes’ Oldham reign is among the shortest by a supervisor of an English membership, rating simply behind Paul Hart’s 28-day stick with QPR and Micky Adams’ 13 days answerable for Swansea.