YouTube finally responded to the controversy yesterday (January 9), over a week after the video posted. YT apologized for the delayed response and said it was looking into further consequences.
Paul deleted the video immediately after receiving backlash, but not before it racked up six million views. He then filmed and uploaded an apology on his YouTube channel on January 2, stating “I should've never posted the video...I do not deserve to be defended," he said. "I’m ashamed of myself. I’m disappointed in myself. And I promise to do better. I will do better.”
YouTube also announced Wednesday it was dropping Paul from the YouTube Red comedy, "Foursome."
The bigger shot though came from Google Preferred (the top 5% of most-viewed YouTube content) which says it will no longer aggregate Paul's multimillion-subscriber channels for advertisers. That basically means he's cut off from his main source of YouTube income.
Despite the blow, Paul's father says his son will be returning to vlogging soon.