Glenn Whelan missed a last-minute penalty for Aston Villa in an extraordinary 3-3 draw at home to Preston North End.
They are 12th in the Championship and sit seven points off the top two after a tumultuous summer.
So too is Terry, the five-time Premier League victor who spent last season as captain at Villa Park.
Promotions with Birmingham City and Hull City represent Bruce's sole honours in a journeyman path through English football, which has seen him come and go from nine different jobs in 20 years.
A further statement issued on behalf of the board said: "We would like to place on record our gratitude to Steve and his team for their hard work and commitment".
During his playing days the former defender accumulated over 300 appearances for Liverpool, where he won the Champions League, UEFA Cup, a brace of FA Cups and League Cups, a couple of Community Shields, plus two UEFA Super Cups, before ending his career over at Bayer Leverkusen. We wish them well for the future. "In the meantime, Kevin MacDonald, Aston Villa U23s manager, will be in charge of the team for our trip to Millwall on Saturday".
New Villa owners Nassef Sawiris and Wes Edens sanctioned Bruce's dismissal amid a toxic atmosphere among fans and chief executive Christian Purslow delivered the news at the club's Bodymoor training ground on Wednesday. "There's no respect for anyone", the under-pressure Villa boss grumbled.
He led the club to the Championship play-off final last season, which they lost to Fulham at Wembley.