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

Goldman Sachs Group Inc. GS 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.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.