Goldman Sachs mulling no more than 250 job cuts, source says

Goldman Sachs Group Inc.
GS,
-0.77%
is cutting up to 250 jobs across the firm in its third round of layoffs since last fall, according to a source familiar with the firm. Goldman laid off 6% of its employees, or about 3,200 people, in January and in September it cut a few hundred employees. Goldman Sachs ended the first quarter with 45,400 employees. Goldman Sachs stock is down 0.8% in afternoon trades. The Wall Street Journal initially reported the Goldman Sachs job cuts on Tuesday.