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  • Flood Warning Extends Through Thursday Morning

    skok floodThe flood warning continues for the Skokomish River near Potlatch affecting Mason County, Olympic Peninsula Region. While showers will continue over the south slopes of the Olympics, heavy rain has come to an end. The three to five inches of… Read More +

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  • Olympia Hospital Must Start Paying Business Tax

    Prov-St.Peter-Hospital-OlympiaProvidence St. Peter Hospital in Olympia will have to start paying a city business tax that will cost it an estimated $340,000 next year. The City Council voted Tuesday to remove the business and occupation tax exemption for religious and medical… Read More +

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  • Seahawks Roster Moves

    brackettThe Seattle Seahawks have claimed TE Brett Brackett off waivers from the Tennessee Titans and released TE RaShaun Allen, the team announced this afternoon.
    Brackett was originally signed as an undrafted free agent by the Miami Dolphins on July 28, 2011. He spent time on the Miami, Jacksonville and Philadelphia practice squads during 2011.

    Read More
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BlackBerry to Lay Off 40% of Its Global Workforce

b_250_0_16777215_00_images_obgrabber_2013-09_8af3f95a99.jpgDenis Doyle/Bloomberg via Getty Images (NEW YORK) -- As thousands line up for Apple's brand new iPhone Friday, BlackBerry, once a leading mobile phone company, announced that it will lay off over 4,500 employees -- approximately 40 percent of its workforce. After reporting a surprise billion-dollar second-quarter loss, the company's stock fell more than 20 percent. Blackberry said in a statement it expects to report quarterly revenue of $1.6 billion compared with $3.04 billion that was expected.

"The latest new from Blackberry is yet another indication that the company desperately needs to find a new owner, the only hope for a turnaround," Patrick Moorhead, founder and principal analyst of Moorhead Insights, told ABC News. "They were late with mobile touch, a modern mobile operating system and an app store, and don't have the cash or the time to go after it alone."

The news, which was reported earlier this week by the Wall Street Journal, comes after a series of bad quarters for the company. While the company released its new 5-inch Z30 smartphone this week and its new BlackBerry 10 operating system in January, it has been struggling to keep pace with other phone makers. In the last quarter the company only shipped 2.7 million of its new BlackBerry 10 devices. Contrast that with Apple, which analysts expect could sell six million iPhones just this weekend.

The Wall Street Journal also reported last month that Blackberry's board was looking at alternatives for the company by November, including a possible sale. BlackBerry plans to release its once-popular BlackBerry Messenger or BBM for the iPhone and Android this weekend.

Copyright 2013 ABC News Radio

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