H&R Block to slash 13% of workforce

Posted online April 28, 2016 | 11:43 am

Following a disappointing tax season, H&R Block Inc. plans to lay off 250 employees, or nearly 13 percent of its workforce.

The Kansas City company said it handled 5.8 percent fewer U.S. tax returns during tax season.

“The volume losses are not acceptable and as CEO, I take complete responsibility for delivering stronger results,” CEO Bill Cobb said in a prepared statement. “You will see a very different H&R Block in fiscal year 2017.”

The company would have 1,735 full-time workers after the layoffs.

Read more from MarketWatch.

Comments

No comments on this story |

Please log in to add your comment

Council debates when to vote on city manager contract

Editors' Pick

Open for Business: Aspen Elevated Health

A relocation to Nixa from Republic and a rebranding occurred for Aspen Elevated Health; Kuick Noodles LLC opened; and Phelps County Bank launched a new southwest Springfield branch.

Most Read