Goldman Sachs U.S. says it will cut about 1,000 jobs after a plunge in fixed-income revenue that was bigger than analysts estimated.  The bank makes most of its money from trading and says second quarter fees from trading debt, currencies and commodities tumbled 63 percent from the previous quarter, more than twice the drop at other major U.S. banks. Net income was $1.09 billion, or $1.85 per share,  falling short of the $2.30 per-share average estimate of 23 analysts surveyed by Bloomberg. Led by Chairman and CEO Lloyd Blankfein, Goldman Sachs last year ceded its dominant position among fixed-income traders to larger rival JPMorgan Chase. In the second quarter of 2011, Goldman Sachs cut risk-taking to the lowest level since 2006. Debt-trading revenue of $1.6 billion dropped below JPMorgan Chase & Co.’s $4.28 billion, Citigroup Inc.’s $3.03 billion and Bank of America Corp.’s $2.7 billion. This comes after Goldman reported earnings today that fell short of anaylsts expectations. The stock, at its lowest level since April 2009, has dropped about 25 percent this year.  For more on Goldman's Earnings, go to:    [Bloomberg 7/19/11]