Previously, Namco Bandai had estimated that net income was going to be $93 million in the black by next month. That figure has changed, however, from profit to loss, as the company now estimates that it will be posting a $342 million loss in March. Namco Bandai attributes the loss to poor performance of key titles. To counteract these losses, Namco Bandai has announced that it will undergo restructuring. By the end of the 2010 fiscal year, the company plans to cut 630 of its over 7,000 employees.

Source: Kotaku