Gizmondo Europe, owned by Tiger Telematics, filed for bankruptcy protection with the Securities and Exchange Commission. Last week Tiger tried to give Gizmondo Europe a $5 million short term loan but that did not seem to be enough to turn the tide. In light of the filing Gizmondo Europe laid off half of its workforce to reduce expenses. The Gizmondo handheld failed miserably, despite its huge marketing rollout, in both Europe and North America.