The company said it will now focus on developing games for mobile phones
UK based computer games developer Eurocom has laid off 150 employees from its workforce of 200 after reporting steep dive in sales.
Eurocom, founded in 1988, has developed a series of games, including Goldeneye 007 for the Nintendo Wii and a Harry Potter title.
Eurocom director Hugh Binns said: "Eurocom are undertaking a restructuring which I regret to say has meant we’ve made the majority of our workforce redundant today."
"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," Binns said.
"Eurocom has retained a core staff of just under 50 employees and will be focusing mainly on mobile opportunities moving forward."
The company released its latest game 007 Legends last month which failed to click with the gamers and attracted poor reviews.
Eurocom first developed games specifically for the Nintendo Entertainment System and then expanded to various other platforms such as handheld game systems and major video game consoles.