MCV is reporting that Capcom Europe is to cut "more than half" of its workforce in a major restructuring campaign.
A Capcom spokesperson said:
Following a restructure at its US operation, Capcom's European organisation is currently evaluating its structure to ensure it is in the best position to take advantage of the changing market conditions the industry is facing.
This is the second piece of bad news for the industry in as many days. Yesterday, we reported that Sega of America was laying off a small number of staff in a similar restructuring move.