FINSwire May 19 2010

H&R Block Cuts 400 Jobs, Offices

FINSWire Team

H&R Block Inc. is eliminating 400 positions and closing as many tax-office locations, according to The Wall Street Journal.

The restructuring plan follows another disappointing tax season. The company embarked on a reorganization last year after lackluster performance and an exit from its loan origination and brokerage business.

Best known for its tax-preparation service, H&R also offers investment, accounting and business-consulting services and products. Its RSM McGladrey unit is a national accounting, tax and business consulting firm focused on midsize businesses. H&R has about 8,300 employees.

Read more articles about H&R Block Inc.




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