Closings: Schools, churches, day-cares and businesses

H&R Block cuts 250 jobs, citing disappointing tax season

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.