Upon Musk's initial takeover of Twitter, he made huge shifts toward cutting costs, including things such as mass layoffs, cutting free lunches and other employee benefits, and more. Musk also said in November 2022 that Twitter was losing $4 million per day. Musk also pointed out in the interview that Twitter was looking to monetize the company, including the Blue subscription launched in November, which lets users pay $8 per month to gain extra security verification and other benefits. The monetization measures also include a cut of non-debt expenditures to $1.5 billion from its original projection of $4.5 billion for this year. This resulted in decreasing cloud services, which cut down on the bill by as much as 40 percent. Twitter is also up against around $1.5 billion in annual interest payments following its $13 billion debt incurred during the acquisition, says Musk. By the end of the year, Musk is expected to step down as CEO at Twitter, and he has already said he's looking for someone to replace him.