By Dan Wilchins 52 minutes ago NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N) is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street.The job cuts would amount to roughly 5 percent of the work force of the fourth-largest U.S. investment bank, which has already announced three other rounds of cuts totaling about 4,000 positions this year.
The precise number of staff to be laid off in this most recent round is still being determined, the person familiar with the matter said. Lehman declined to comment.
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