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Sharma's Fed role highlights AI's dual impact on productivity and job markets, influencing future monetary policy amid tech industry shifts. The post Xbox CEO Asha Sharma joins Federal Reserve AI task force after historic layoffs appeared first on Crypto Briefing.
The post Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs appeared on BitcoinEthereumNews.com. In brief The Federal Reserve named Xbox CEO Asha Sharma to a task force studying AI’s impact on jobs and productivity. Sharma joins Marc Andreessen and Stanford economist Charles I. Jones on the Productivity and Jobs group. The appointment follows Xbox’s announcement that it will cut 3,200 roles as part of a major restructuring. Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies could reshape jobs, productivity, and the broader economy. On Thursday, the Federal Reserve said that Sharma will serve on its Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part of the central bank’s approach to monetary policy. Sharma, who previously worked in Microsoft’s Cor
Asha Sharma will advise the Federal Reserve on AI’s impact on jobs and productivity as Xbox undergoes the biggest restructuring in its history.
The task force's insights could reshape employment policies and influence tech regulation, impacting economic stability and innovation. The post US Federal Reserve taps Xbox CEO Asha Sharma to co-lead new jobs and AI task force appeared first on Crypto Briefing.
The post Xbox’s Studio Shake-Up Sets a New Bar for Web3 Games appeared on BitcoinEthereumNews.com. Picture this. It is Monday morning and studio leads across gaming are rewriting roadmaps before coffee. Microsoft’s Xbox team just pulled a big lever, and the message is not subtle: ship tighter, prove margins, or prepare to be moved. On July 6, 2026, Xbox CEO Asha Sharma said Xbox would eliminate about 3,200 roles across fiscal 2027, with 1,600 cut immediately, and start divesting multiple studios. The note landed on X and on XBOX Wire the same day XBOX Wire. Bloomberg called it a roughly 20 percent reduction and confirmed the multi-studio divestment plan Bloomberg. If you build in Web3, this is not far-off noise. It is a new bar. The Big Picture: Xbox’s reset hits costs, ownership, and expectations Editor’s note: In Q1 and Q2 this year I spent a lot of time with game founders who quietly tightened scopes and still grew payers. The pattern was the same across chains and genres: fewer spl
