H&R Block cuts 250 jobs, citing disappointing tax season
KANSAS CITY, Mo. (AP) – H&R Block says it’s laying off 250 workers, citing a disappointing tax season.
The Kansas City Star reports the downsizing announced Tuesday by the Kansas City, Missouri-based company amounts to 12.6 percent of its workforce.
H&R Block said it handled roughly 19.6 million tax returns in the just-completed tax season. That’s more than 4 percent less than last year.
The company says it expects a revenue decline this year and will release a full report June 9.
H&R Block’s CEO, Bill Cobb, is vowing to be aggressive in attracting business next tax season.
Information from: The Kansas City Star, http://www.cstar.com