© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

H&R Block Cuts 250 Jobs, Citing Disappointing Tax Season

 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.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.