H&R Block to lay off 250 people following "disappointing" tax season

2 years 5 months 3 weeks ago Wednesday, April 27 2016 Apr 27, 2016 Wednesday, April 27, 2016 6:06:00 AM CDT April 27, 2016 in News
By: The Associated Press

KANSAS CITY - 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-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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