Moyes believes that Adkins' sacking is also a blow for British managers and a consequence of the new money that has arrived in the Premier League over the last decade.
The 49-year-old has never been sacked in 15 years as a manager, working at Preston and Everton.
He said: "I hope it doesn't have too big an effect on British managers. I would hate to think that people don't respect British managers because one of the best in the world is British.
"A lot of time and effort goes into being a coach or a manager. People think it's a great job and it is really well paid. But you put in years on the Pro-licence. You spend years coaching, getting your badges.
"When you're doing OK, most people expect to stay in work. From a distance, Nigel looked as if he deserved to stay in his job."