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

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Over 80% of Americans file their taxes electronically. This photograph shows an IRS Income Tax Form 1040 on a laptop monitor.

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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.
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Information from: The Kansas City Star, http://www.cstar.com

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