Goldman Sachs launched into a fresh round of cuts last week.

The FT reports that Goldman is expected to cut up to 10 percent of jobs in investment banking over the course of 2008. Some cuts were reportedly announced last week. Between the 1st and 2nd quarters, headcount fell by about 400.

There is good news for undergrads, however. The bank still plans on recruiting “aggressively from universities” and will increase overall headcount this year, says the FT.

Meanwhile, HK-spokeswoman Connie Ling told Bloomberg that in Asia, the bank is “continuing to grow, and that includes the investment banking division.”