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

techJul 10, 2026231,097

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.

6338h ago

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.

Matt Holland Author Dot Com5

This is just classic Craig

Sensual Kazoo4

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

Vergel3

yea Fuck Craig! Hate that guy

Terra the Esper1

I bet Craig is responsible for the lay offs.

Quoting this

Hoover Street Rag9

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

Corey Brickley

@coreybrickley.bsky.social

this is the most "charlie brown had hoes" post ive seen in a minute. i cannot recall a single person who went "yas queen" about phil spencer getting replaced by an AI exec with zero experience or frankly interest in videogames

It's incredible that its taken such a short time for the response to Asha to
go from "YASSSSSSSSS QWEEN GONNA SAVE XBOX" to people
realising that women Silicon Valley execs are (not "can be," but are,
because it's all of them) just as sociopathic.

Incredible because people fell for it at all.

Game Developer·@gamedeveloper.bsky.social 7h
Asha Sharma joins Federal Reserve advisory task force days after
laying off thousands at Xbox

1372h ago

Corey Brickley71

she was basically putting on her american psycho clean suit and sharpening her axe the minute she stepped in, it was pretty clear to everyone what was gonna happen. people largely just hoped it wouldn't

Jasper (they/them)2

When an exec resigns immediately(and hasn't been in any controversy), they've been given an impossible ultimatum from their board. When their successor ALSO resigns, it's a LUDICROUS demand. Only AI can fulfill their fantasy.

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

1049h 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?!?!?

ChaosRyu10

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

AuraChannelerChris9

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

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

therealWokeKong10

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

🦜🦌 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...

493h 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.)

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...

203h 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...

1810h ago

PC Gamer

@pcgamer.com

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

207h 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”

1710h 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

137h 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.

86h 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...

107h 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

69h ago

ChaosRyu

@chaosryu.bsky.social

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

109h ago

Tom / ROBOTS @ Robots Radio

@robotsradio.bsky.social

I hope Asha Sharma understands this. Checked her work history. Porch Group startup, Meta VP of Products & Engineering, Instacart, Microsoft CoreAI. She did some big stuff, for sure. But my gut says that she's about to learn that managing game dev is a different animal completely.

99h 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.

99h 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 engadget.comDays after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs - Engadget videogameschronicle.comXbox CEO Asha Sharma named as adviser to US Federal Reserve on ‘Jobs and Productivity’ | VGC

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

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

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