The North Ayrshire side lie bottom of the West of Scotland League Premier Division.
Irvine Meadow are on the hunt for a new manager just six games into the West of Scotland League Premier Division season.
Deeney leaves following a disappointing start to the league campaign which sees them propping up the table with just four points. Current Under-20s boss and former club captain Ben Carson will take over in interim charge as he gears the side up for a tricky test at home to Darvel on Saturday.
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