The Wall Street Journal

Goldman Looks to Cut 10 Percent of Workforce: Report 

Even the firms that have largely managed to skirt the nation’s mortgage mess are finding some headwinds in a credit crunch that in the past few days has only given slight signs of easing. Goldman Sachs Group Inc. [stock GS][/stock] is preparing to lay off 3,250, or 10 percent of its work force, according to a Thursday report in the Wall Street Journal.