Xbox CEO Asha Sharma tapped to advise US Federal Reserve on jobs task force

techJul 10, 2026281,160

The Federal Reserve named Xbox CEO Asha Sharma as one of three leaders of its new Productivity and Jobs task force, three days after Sharma announced an Xbox “reset” that will cut roughly 3,200 roles by the end of the 2027 fiscal year. Federal Reserve Chairman Kevin Warsh announced the task forces and said they will “assess whether policymakers' means and methods, analytical tools, and policy approaches can be improved,” and that the Fed remains committed to price stability and maximum employment. Sharma will lead the task force alongside Stanford economist Charles I. Jones, who is on leave at Anthropic, and investor Marc Andreessen. The task force will evaluate the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Fed’s policy judgments. PC Gamer reports that remaining Xbox developers are reportedly convinced the cuts will cause irreparable damage to some of Xbox’s most valuable brands. The Fed said it will post periodic updates on the task forces’ work on its website, making Sharma’s role a direct channel for industry perspectives on jobs and AI to reach Fed policymakers.

Commander Sterling

@commandersterling.bsky.social

Fuck Microsoft, fuck Xbox, fuck all present and past CEOs of Xbox, fuck Microsoft’s CEO, fuck every CEO that’s had a hand in this industry’s degradation, fuck this industry’s degradation, fuck layoffs, fuck the executive class, fuck the shareholders, and fuck this total twat I know named Craig.

71145d ago

Matt Holland Author Dot Com6

This is just classic Craig

blueestate.bsky.social6

while we're at it, fuck Sony's new CEO for trying to push people towards AI by eliminating physical media altogether(I believe he was the one who said that garbage about how "nobody wants to play the old Ridge Racer games")I believe that makes it easier for them to patch in AI to existing games.

Sensual Kazoo5

Been saying fuck Microsoft a lot lately. What a wretched company.

Vergel4

yea Fuck Craig! Hate that guy

Terra the Esper2

I bet Craig is responsible for the lay offs.

Skutter.exe2

There's only one Craig I respect.

Quoting this

Hoover Street Rag10

While I appreciate the broad strokes of this sentiment, the last line, as always, is just Totoro theory.

Culture Crave 🍿

@culturecrave.co

XBOX CEO Asha Sharma has been named an advisor to the U.S. Federal Reserve's 'Productivity and Jobs' task force

11245d ago

Cool guy leftist47

I haven't laughed this hard in a while. What a clown car of a country.

Sparxter26

CAN WE STOP LIVING IN THE ONION TIMES?!?!?

AuraChannelerChris10

Is her advice "lay off all these veteran people"?

ChaosRyu10

What do you expect from *check notes* the ex-president of the CoreAI division of Microsoft right before becoming the Xbox CEO.

SP244

So she’s a Trumper. What a c*nt. Boycott Microsoft.

misternyx.bsky.social1

It’s like having Diarrhea advise a Juice Bar.

Quoting this

therealWokeKong11

There’s a cosmic sense of humor in being responsible for the largest layoffs in your industry’s history and then immediately becoming an advisor to the “productivity and jobs” task force for the United States government

FunkleLogan 🚬🐮7

Joker named an advisor to the Gotham City Police Department

Dammit Paulie4

Fire a bunch of people and your productivity goes up!

j.T3

Like most things this year, this news makes absolutely little to no sense. Glad we’re staying consistent.

witch-captain nakou 🏳️‍⚧️ ✊3

so you know job destruction will be her mission

Elton Ahhhh Rodrigues2

Bad Ending: This is an XBOX

🦜🦌 Guilherme Pimenta | Autor de Renome (renomeio arquivos .docx)2

Alguns dias depois de demitir 1/4 dos funcionários

Jordan Carlson

@jordantcarlson.bsky.social

>company announces 3600 immediate layoffs, 1200 more "within this fiscal year" >CEO gets named to a government board for "productivity and jobs" logic www.videogameschronicle.com/news/xbox-ce...

5545d ago

Jordan Carlson2

(the article notes "1600, climbing to 3200"; I've seen multiple reports saying the target by end of June 2027 was 4800, so the numbers may be getting mixed up. Point is, mass layoffs, job board appointment, bad.)

Eurogamer

@eurogamer.bsky.social

Xbox leader Asha Sharma has joined a US government task force for employment, days after announcing restructuring that has left thousands of people without jobs www.eurogamer.net/asha-sharma-...

4945d ago

Maxim Newman10

She’s what??? Seriously how does there even make sense.

retroplod77.bsky.social5

The irony can be seen from space.

Daniel Foster2

"hey guys, here's an example of what NOT to do"

🍺 Stephen Beattie 🖖1

Weird, the words,"brass" and "fucking neck" spring to mind.

Kurt Kaotic1

It makes sense if the government task force wants to coordinate as many layoffs as possible.

Michael J. Stern

@michaeljstern.bsky.social

Trump puts people in powerful positions in order to kill the agencies they run. www.pcgamer.com/gaming-indus...

2145d ago

pc2000s

@pc2000s.bsky.social

A pretty succinct summary of the latest Xbox bloodbath. Something about the Xbox CEO joining a Federal Reserve task force after this week feels especially gross. Wolves being trusted to get to the bottom of who keeps eating the sheep.

2644d ago

Valentine Powell

@valentineirl.bsky.social

"Commitment to maximum employment" team hires the person who just did massive layoffs and two AI tech bros trying to create tools to reduce human workforce. This is basically the plot of an Outer Worlds questline. www.pcgamer.com/gaming-indus...

1845d ago

PC Gamer

@pcgamer.com

She'll be joined by Stanford economics professor Charles I. Jones and tech investor Marc Andreessen.

2045d ago

The Ultimate Worrier ™1

Can we get more unqualified people?

Quoting this

Esfera3

Que Asha ahora se ha marcado un Elon Musk? Vamos, que la tipa que ha tomado las decisiones más duras para XBOX, alguien que ha visto la compañía a través de hojas de excel... Recibe un puesto de trabajo público ADEMÁS de su curro actual como CEO?! Lo he entendido bien, o me he perdido algo más?

Steve

@yinzer.bsky.social

>Become CEO of Xbox >Immediately fire 1,600 people >1,600 more layoffs to come >Cut 4 studios loose ??? >Become advisor to Fed on “jobs”

1745d ago

noah

@crimesnewroman.bsky.social

If you’re 37 years old and get made the CEO of a major company like Xbox, you have to be such an unbelievably terrible person to speed run a career trajectory like that

1445d ago

GamesIndustry.biz

@gibiz.bsky.social

The United States Federal Reserve has appointed Xbox CEO Asha Sharma to co-lead its Productivity and Jobs task force Announcement follows sweeping layoffs at Xbox affecting 3,200 workers www.gamesindustry.biz/asha-sharma-...

945d ago

flamesofchaos.bsky.social

@flamesofchaos.bsky.social

And now Asha Sharma is an advisor on the Fed Reserve for "Jobs and Productivity" and has ties to Peter Thiel's secret society www.videogameschronicle.com/news/xbox-ce...

1345d ago

graham steele

@grahamsteele.bsky.social

Once upon a time, the Fed’s task force on “productivity and jobs” would’ve included a labor representative. It speaks volumes about the current Fed leadership that the task force instead includes Trump-supporting, AI-boosting venture capitalist Marc Andreessen.

Productivity and Jobs: Assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments.

Marc Andreessen, cofounder and general partner, Andreessen Horowitz

Charles I. Jones, professor of economics, Stanford University, currently on leave at Anthropic

Asha Sharma, executive vice president and XBOX CEO, Microsoft Corp.

1045d ago

Save The Game Media

@savethegamemedia.bsky.social

Shared Save: A Gaming Podcast is LIVE! Come hang out as we breakdown Xbox layoffs, what the "Reset" means and more! YT: youtube.com/live/Y_WdGW_... Twitch: Twitch.tv/SaveTheGameMedia

645d ago

Derek

@dermey.bsky.social

Let me get this straight. Microsoft runs Xbox poorly, Microsoft goes full in on AI, AI becomes too expensive so they look to cut costs, Xbox gets gutted, and now before profits can even materialize from cost cutting the new CEO gets a fed advisory role. Sounds like the death of Xbox is in the works.

1245d ago

3 sources

pcgamer.comUS Federal Reserve taps Xbox CEO Asha Sharma, who just laid off 3,200 employees, to lead task force on jobs videogameschronicle.comXbox CEO Asha Sharma named as adviser to US Federal Reserve on ‘Jobs and Productivity’ | VGC engadget.comDays after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs - Engadget

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Xbox CEO Asha Sharma tapped to advise US Federal Reserve on jobs task force

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