several wall street analysts lowered their expectations for coinbase global after the cryptocurrency exchange announced plans to cut its workforce by 18 coinbase ticker coin had planned to hire 6000 people this year according to a february shareholder letter on tuesday the fintech announced plans to cut about 1100 jobs which is expected to result in around 40 million to 45 million in restructuring costs coinbase head count at the end of second quarter is expected to remain flat at around 5000 employees analysts