Xbox CEO Asha Sharma tapped to advise Federal Reserve on AI's economic impact days after 3,200 layoffs
Xbox CEO Asha Sharma has been appointed to advise the Federal Reserve on how AI affects productivity and jobs, joining a task force alongside Marc Andreessen and economist Charles I. Jones. The timing raises eyebrows—Sharma announced 3,200 job cuts at Microsoft's gaming division just days earlier, with 1,600 staff losing their jobs immediately and another 1,600 cuts planned through fiscal year 2027.