May 19 2013: YouTube Turns Eight As Platform Surpasses More Than 100 Hours Of Video Uploaded Per Minute

Back in May 19 2013: YouTube Turns Eight As Platform Surpasses More Than 100 Hours Of Video Uploaded Per Minute

YouTube celebrated its eight-year anniversary today, and despite its age, the platform's growth shows no signs of slowing down. Users now upload over 100 hours of video every minute, attracting over one billion people per month. This massive user base opens up new opportunities for startups, such as Telecast, which helps curate and discover YouTube's extensive content library on mobile devices. YouTube credits its success to its users and their ability to create connections, transcend borders, and make a difference through video.

Fast forward to Jan 17 2024: YouTube Cuts 100 Employees as Tech Layoffs Continue

YouTube, owned by Google, will be laying off 100 employees as part of ongoing efforts to cut costs and streamline operations. The layoffs primarily affect employees who provide support to YouTube's content creators. YouTube has been facing challenges in recovering from an advertising slowdown and intense competition from TikTok. Google has also recently eliminated over a thousand jobs from various divisions.

How can YouTube recover from an advertising slowdown and fierce competition from TikTok while facing employee layoffs?