The Hammers are currently placed 18th in the Premier League table after securing just one win from their opening seven games of the league season.
Moyes is expected to be given the next five Premier League fixtures to try and turn things around at the London Stadium, failing which he may well be fighting to keep his current job.
Jordan feels that managers tend to be either victims or beneficiaries of their past deeds, with someone in the latter category usually getting a massive payday.
The 55-year-old believes that while nothing lasts forever, Moyes is far from finished, though West Ham’s troubles could not have come at a worse time for the Scot.
Given how Moyes was backed in the transfer market, Jordan noted that Moyes does not have the benefit of the ‘lack of support’ excuse.
“You are always going to be a victim of previous deeds or you’re going to be the beneficiary of them”, Jordan said on talkSPORT.
“Beneficiary tends to get a new contract and a big bag of money and victim tends to mean that you have to keep those standards up.
“And nothing lasts forever.
“As an owner, you know when a manager’s done.
“David Moyes is nowhere near done. He’s far from beaten.
“It’s not great, and of course, it can’t come at a worse time for David because he can’t, not that he does, he cannot suggest he hasn’t been supported.”
West Ham welcome 17th-placed Wolverhampton Wanderers to the London Stadium on Saturday, with two points currently separating them.