TNA, through a post on the news portion of their site, has announced that former TNA Knockout Champion Tara has been released from the company.  She was informed just prior to the company announcement being posted to the website.  It is said that this move is another cost-cutting measure for TNA.

Tara has not been used on TV very often of late, with only minimal appearances.  She had mentioned in the spring about not being on television for a while as well.

It is also being reported that there have been three or four production-level departures from the company over the past several weeks.  This too is assumed to be cost-cutting measures.

In the meantime, this Thursday on the Destination X themed iMPACT broadcast, TNA will be debuting some new talents.  This show will be live from Louisville, KY.  It is said the company is actively trying to freshen up things on several fronts.

Source: Mike Johnson of PWInsider.com and impactwrestling.com