"Eurocom are undertaking a restructuring which I regret to say has meant we've made the majority of our workforce redundant today," he said. "This includes many very experienced, talented and highly skilled employees, and we'd like to thank them all for your hard work and efforts.
"We've fought to try and save as many jobs as possible, but the steep decline in demand for console games, culminating in a number of console projects falling through in the last week, left us with no option.
“Eurocom has retained a core staff of just under 50 employees and will be focusing mainly on mobile opportunities moving forward." Luke Karmali is IGN's UK Editorial Assistant. You too can revel in mediocrity by following him on IGN and on Twitter.