007 Legends developers Eurocom massively reducing staff

It emerged last night that Eurocom will be implemeting massive lay offs and reducing their staff from 150 developers to just 50 by the end of the day, according to a statement from studio director Hugh Binns.

"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."

Given the overall critical response to 007 Legends I can't say it's too surprising, but it's always a sad day when the industry is hit hard and people lose their jobs.