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# Asha Sharma to advise US Federal Reserve after axing Xbox jobs

**[Game Developer](https://daily.dev/sources/gamedeveloper)** · 3 min read · 0 upvotes · 0 comments

## Summary

Xbox CEO Asha Sharma has been appointed to a US Federal Reserve task force analyzing the economic impact of AI and new general-purpose technologies on jobs and productivity. The appointment comes days after Xbox announced 3,200 layoffs and the closure of studios including Double Fine, Ninja Theory, Undead Labs, and Compulsion Games — the largest mass layoff in the video game industry in 2026. Sharma joins the task force alongside Andreessen Horowitz cofounder Marc Andreessen and Stanford economist Charles I. Jones, both of whom have strong ties to the AI industry. Half of the promised cuts occurred this week, with the remainder scheduled through Xbox's 2027 fiscal year.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.gamedeveloper.com/business/asha-sharma-joins-federal-reserve-task-force-days-after-laying-off-thousands-at-xbox>

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---

Tags: [#ai](https://daily.dev/tags/ai), [#microsoft](https://daily.dev/tags/microsoft), [#xbox](https://daily.dev/tags/xbox)

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