H&R Block layoffs, on the record
Every job cut, severance charge and restructuring H&R Block reported in its annual reports, 2024 to 2026, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe filing mentions severance plans covering executives and eligible employees, with severance expenses for continuing operations reported for fiscal years 2024, 2023 and 2022.
Word for word“Expenses related to severance benefits for continuing operations totaled $ 2.6 million, $ 6.9 million and $ 2.6 million in fiscal years 2024, 2023 and 2022, respectively.” 10-K for 2024
Our summaryThe filing reports severance expenses for continuing operations of $8.4 million in fiscal 2025, versus $2.6 million in fiscal 2024 and $6.9 million in fiscal 2023, under company severance plans covering executives and eligible employees who incur a qualifying termination.
Word for word“Expenses related to severance benefits for continuing operations totaled $ 8.4 million, $ 2.6 million and $ 6.9 million in fiscal years 2025, 2024 and 2023, respectively.” 10-K for 2025
Our summaryOther wages and benefits and other compensation rose in fiscal 2025, partly due to higher severance pay.
Word for word“Benefits and other compensation increased $22.0 million, or 9.6%, due to higher employee insurance, severance pay and payroll taxes in the current year.” 10-K for 2025
Our summaryThe filing lists the H&R Block Severance Plan, as amended and restated on May 5, 2025, as an exhibit.
Word for word“10.11 * H&R Block Severance Plan, as amended and restated on May 5, 2025 10.12 * H&R Block Inc. Executive Severance Plan, as amended and restated effective May 9, 2022, filed as Exhibit 10.1 to the Company's quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2022, file number 1-06089, is incorporated herein by reference.” 10-K for 2025
Our summaryThe company carried out a workforce and field organization restructuring after year end, eliminating about 200 positions and expecting an $8.3 million pre-tax severance charge.
Word for word“As part of this program, approximately 200 positions throughout the organization are being eliminated.” 10-K for 2026
Our summaryThe company reported its expense for severance benefits under its severance plans for continuing operations for fiscal 2026, 2025 and 2024.
Word for word“Expenses related to severance benefits for continuing operations totaled $ 7.5 million, $ 8.4 million and $ 2.6 million in fiscal years 2026, 2025 and 2024, respectively.” 10-K for 2026
| Fiscal year ended | Severance costs |
|---|---|
| 2017-04-30 | $5.6 million |
| 2018-04-30 | $4 million |
| 2019-04-30 | $5 million |
| 2020-04-30 | $2.5 million |
| 2021-04-30 | $2.6 million |
| 2022-06-30 | $2.6 million |
| 2023-06-30 | $6.9 million |
| 2024-06-30 | $2.6 million |
| 2025-06-30 | $8.4 million |
H&R Block has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from H&R Block’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.