I can login to safe boot without issue. I created a new admin account through safe boot, but upon first full login into this new account, the same behaviour as in the title showed up instantly.
I have tried Apple diagnostics boot which revealed no hardware issues. I have also tried deleting contents of
~/Library/Preferences (for new account) but this does not seem to resolve the issue.
Macbook pro 15" (discrete graphics) late 2013 on OS X 10.10.3