Twitter has announced a subscription service for $7.99 per month

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Twitter said users who "sign up now" for the new "Twitter Blue with Verification" can get a blue check next to their name

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Current verified accounts include celebrities, athletes politicians, journalists and activists, businesses, brands, and Musk himself

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It is not yet clear when the subscription will go live

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Updates made to the iOS version of its app Twitter doesn't mention verification as part of new BlueCheck system

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The change would eliminate Twitter's current verification system 

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Twitter has about 423,000 verified accounts

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Musk tweeted late Friday that he had no choice but to cut jobs "when the company is losing more than $4M/day."

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Nearly half of the company's 7,500 employees were laid off, tweeted Joel Roth, Twitter's head of security and integrity

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United Airlines, General Motors, REI, General Mills, and Audi Co. have blocked ads on Twitter

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