Make no mistake, TNA sucks really really bad right now, but they've done exactly what we said they should have done in terms of business. They've let all of the high price talent go, from Hogan and his utterly useless daughter, to The Bisch, to Sting, to Styles, to Kaz & Daniels, etc. They've brought in cheap indie talent looking for break (Wolves, Santana Garrett). They're properly exploiting an international partnership for once with Sanada, and actually pushing a guy who they are splitting the bill on.
This was the blueprint to actually turning a profit, and hopefully seeing new guys get over (The Wolves are the top merch sellers, for example).
If they can get their act together creatively, the break even point is significantly lower these days than it was even a year ago. I don't think ripping TNA for letting guys go (Hernandez is the latest, but that was coming for months as he had heat with the office) is fair. It had to be done.