- Associated Press - Wednesday, April 27, 2016

KANSAS CITY, Mo. (AP) - H&R; Block says it’s laying off 250 workers, citing a disappointing tax season.

The Kansas City Star (https://bit.ly/1Qz7yQQ ) 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, https://www.kcstar.com

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