NEW YORK ( TheStreet) -- Goldman Sachs ( GS) may lay off 230 workers in New York for economic reasons, the investment bank said in a state filing Wednesday.

Goldman, in its filing with the New York State Department of Labor, said the cuts could be made between late September and March 31, 2012.

The layoffs would represent less than 1% of Goldman's 35,400 worldwide employees as of the end of the first quarter, according to The Wall Street Journal.

Under New York state law, businesses in New York with more than 50 employees must file a notification if they are to trim a significant number of jobs.

-- Written by Joseph Woelfel

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