NEW YORK, March 19 (Reuters) - Goldman Sachs ( GS )

plans to cut a small number of underperforming staff in April, a

source familiar with the matter told Reuters on Thursday.

The cuts are not part of its regular annual culling, dubbed

internally as "strategic resource assessment," under which the

Wall Street firm traditionally cuts between 1% and 3% of staff,

the source said.

"Regular, consistent headcount management is nothing out of

the ordinary for a public company. We are constantly assessing

our performance and talent across divisions," a Goldman Sachs ( GS )

spokesperson said in a statement.

Business Insider earlier reported Goldman's plan to trim

staff next month, citing multiple people familiar with the

situation.

Corporate America has ramped up its push to cut jobs and

streamline operations amid rapid advances in artificial

intelligence tools and their rising adoption.

Investment banking giant Morgan Stanley ( MS ) laid off

about 3% of its workforce, or roughly 2,500 employees, across

all divisions, Reuters reported earlier this month.