Goldman Sachs may cut 3% to 5% of staff as part of annual review, source says

NEW YORK, March 4 (Reuters) - Goldman Sachs GS.N plans to target a cut of between 3% to 5% of staff as part of an annual performance-related review it will take in spring, a source familiar with the matter said.

The last time the Wall Street firm conducted a similar review in September, that led to a small number of job cuts.

A spokesman for the bank declined to provide specifics of the process, but said like "other banks, this is part of our normal, annual talent management process."

Financial news and jobs site eFinancialCareers earlier reported the news.