#sharma

⚡️XBOX CEO Asha Sharma joins a U.S. Federal Reserve advisory group on productivity and jobs, and she's the ONLY sitting CEO among all five group members Her mission: study how AI impacts the economy and labor market. Meanwhile, XBOX is undergoing MASSIVE cuts, 3,200 jobs eliminated so far, hitting ZeniMax and id Software. Sharma previously led Messenger and Instagram Direct at Meta*. Make it make sense 🤷♂️

Microsoft admits: Minecraft was a cash cow subsidizing other divisions. Now Asha Sharma makes Mojang report directly to her, and money is ABOUT to FLOW 🤑 Microsoft was losing to Roblox by underfunding Minecraft. Now the plan is to turn it into a modern, competitive ecosystem. All announced games are safe.

3,200 people are leaving XBOX in the biggest restructuring ever. Asha Sharma, the new head, confirmed 1,600 layoffs start today. Compulsion Games & Double Fine go indie; Ninja Theory & Undead Labs to new owners. Arkane Lyon is in talks. Management layers cut from 14 to 5-3. Helen Chiang appointed as first COO. No announced games are cancelled, but XBOX's profit margin is 3-10x lower than rivals, buckle up 😳

XBOX is laying off 1,600 employees TODAY, and that's just the beginning 😔 After weeks of uncertainty and speculation, the cuts have begun as part of a company "reset" under new CEO Asha Sharma.

⚡️Xbox shakeups are here, less than a week after new CEO Asha Sharma hinted at future changes, senior departures and looming studio closures are already surfacing. This is just the beginning 🔥