Elon Musk’s Twitter revolution begins tomorrow: Plans to cut 50% of ALL jobs at social media giant, eliminate ‘work from anywhere’ policy and introduce his $8-a-month blue tick charge by Monday

Elon Musk’s Twitter revamp is set to kick off tomorrow, with the billionaire expected to cut half of all Twitter jobs on Friday and introduce a controversial $8-a-month blue check-mark charge for verified users by Monday.

Musk, 51, wavered throughout his attempt to buy Twitter on how many positions he would eliminate, originally saying as many as 75 percent of the company’s 7,500 workers (5,625) would be cut, before some reports suggested it would actually be 25 percent (which would amount to 1,875).

The 3,700 cuts now being touted would amount to about half the staff, and would see them follow out five high-level executives who have resigned in the past week.

Since acquiring the San Francisco-based social media company for $44 billion, Musk, 51, has been looking for ways to drive down costs and increase revenue.

Another idea he has pitched is a charge for a blue tick – the mark used to identify verified users – claiming the move will end the current ‘lords and peasants’ system.

The ‘badges’ could go live as soon as Monday, Bloomberg reported, with current blue check holders receiving a ‘grace period’ of multiple months before being forced to either pay or lose the badge, which is as a verification mark for high-profile users.

Musk’s touted move has been criticised by some, who say key users of the platform create the content that gives it value. Others have said previous attempts by companies to monetise something previously free have seldom been successful.

What are Musk’s plans for Twitter? Here are five things the world’s richest man has touted to bring down costs, raise revenue, and bring it more in-line with his vision:

• Begin charging users $8-per-month to have a blue tick next to their username
• Cut around 3,700 jobs – half of Twitter’s staff
• End Twitter’s ‘work from anywhere’ policy, introduced earlier this year
• Makes changes to Twitter’s moderation policy to promote ‘free speech’ and reduce what Musk sees as overzealous suspensions and bans
• Introduce a new paid video feature, that has been likened to OnlyFans
• More