The Reds parted with Freedman earlier today, after they were beaten 3-0 by Sheffield Wednesday on Saturday.
The decision has been greeted with a mixed reaction from Forest fans and Holloway does not believe that Freedman should have lost his job.
“I’m flabbergasted,” the former Queens Park Rangers boss said. “I know they’ve lost a few lately, but he’s about half way. They’ve had a great run, and it’s such a tough competition. People have to realise that.”
Freedman has had to work under financial constraints during his Forest, and he has also been dealt a rough hand with injuries.
Forest have seen many of their key players ruled out with fitness issues this term, and they have not been able to replace them.
Forest have won just one of their last six matches and their poor sequence of results was enough to convince owner Fawaz Al-Hasawi that a change was needed.
Not since 2011/11 have Forest had a manager see out a whole season, with Al-Hasawi operating with a revolving door policy during his time at the helm so far.