The tax services provider expects the cuts in its field and corporate support organization will cut annual operating costs by $140 million to $150 million by the end of fiscal 2012.
H&R Block will book a pretax charge of about $28 million to cover severance costs. It employs about 133,700 workers overall.
The Kansas City, Mo., company also says it has shut about 400 underperforming locations in its 11,000 store network.
