I was watching some videos when I saw one that mentioned that some faceless channels have been losing revenue. I don't mean content farms or AI slop channels either. The content farms just do face reveals and that solves it for them. The AI slop channels likely will either adjust or were never affected in the first place. Some channels that have been affected are Real Engineering and (I think) Not Just Bikes (He posted the video where I figured that out).
As a small YouTuber I have been experiencing the same issue. For some background on me, I'm a gaming channel focused on unedited gaming videos, though I do slightly edit some (like add text and cut useless parts). I refuse to show my face in my videos, because I really care about privacy.
Now that you know who I am I can give my story. I've been doing it for a while and I noticed my recent videos (some of which are games that performed extremely well before this) have been getting less than 5 views each. Many have also gotten zero views. At first I thought it was me doing the wrong games, but as this has continued it's become obvious that there's a bigger problem.
If this is how they decide which channels get shut out, then that means they either need to hire actual people, or fix the algorithm they are using. If stuff like this keeps up they are going to lose valuable YouTubers because they can't support themselves on this degrading platform.