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Actionable news in HRB: H&R BLOCK Inc,

H&R Block to slash 13% of workforce after disappointing tax season

H&R Block said it had handled 5.8% fewer U.S. tax returns this year.

H&R Block Inc. is laying off 250 workers as part of a broader cost-cutting push following a disappointing tax season.

The Kansas City, Mo., company on Tuesday said it had handled 5.8% fewer U.S. tax returns in the most recent tax season and planned to restructure operations, including laying off nearly 13% of its workforce, as part of a “significant cost reduction effort.”

“The volume losses are not acceptable and as CEO, I take complete responsibility for delivering stronger results,” Chief Executive Bill Cobb said in a prepared statement...


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