Goldman Sachs Warns That Layoffs Could Reach 230

Goldman Sachs
Goldman Sachs

By CANDICE CHOI

NEW YORK (AP) -- Goldman Sachs Group Inc. said Wednesday that it could lay off as many as 230 workers in New York by next spring.

The investment firm notified the New York State Department of Labor of the possible layoffs in a notice filed on Wednesday. In the filing, Goldman said the layoffs would happen between now and March 31, 2012. The company simply cited economic reasons for the layoffs.