Sony has reversed its prediction of a full-year profit, now expecting to make a net loss of ¥110 billion ($1.1 billion) in the year ending March 2014. Its the second quarter in a row that Sony has cut its guidance; Sony hasnt changed its revenue forecast, however — the swing to loss is down to depreciation and amortization along with restructuring costs incurred by selling off the VAIO PC business and spinning off TVs into a separate unit. Sony has announced that it will make 5,000 layoffs by the end of the next financial year, of which 1,500 will be in Japan, as a result of the drastic measures taken with the TV and PC divisions.
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