{"id":8287,"date":"2026-07-10T00:47:00","date_gmt":"2026-07-09T23:47:00","guid":{"rendered":"https:\/\/thehotedit.com\/index.php\/2026\/07\/10\/the-week-xbox-ceo-asha-sharma-ends-3200-jobs-the-us-federal-reserve-decides-shes-perfect-to-help-lead-a-new-task-force-on-jobs\/"},"modified":"2026-07-10T00:47:00","modified_gmt":"2026-07-09T23:47:00","slug":"the-week-xbox-ceo-asha-sharma-ends-3200-jobs-the-us-federal-reserve-decides-shes-perfect-to-help-lead-a-new-task-force-on-jobs","status":"publish","type":"post","link":"https:\/\/thehotedit.com\/index.php\/2026\/07\/10\/the-week-xbox-ceo-asha-sharma-ends-3200-jobs-the-us-federal-reserve-decides-shes-perfect-to-help-lead-a-new-task-force-on-jobs\/","title":{"rendered":"The week Xbox CEO Asha Sharma ends 3,200 jobs, the US Federal Reserve decides she&#8217;s perfect to help lead a new task force on jobs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-body\">\n<p id=\"elk-809169c0-7bf0-11f1-970c-737b79860627\">Recently appointed Xbox CEO Asha Sharma has been tapped by the US government to advise the Federal Reserve on &#8220;productivity and jobs&#8221; as well as matters related to AI and its impact on the economy.<\/p>\n<p>Via <a target=\"_blank\" data-analytics-id=\"inline-link\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260709a.htm\" target=\"_blank\" data-url=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260709a.htm\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\">press release<\/a> published on an official government website, the Fed details five distinct taskforces, each co-led by a team of &#8220;external advisers&#8221; &#8220;with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee.&#8221; Essentially, the taskforces will advise the Federal Reserve on economic policy across five different categories: Communications, Balance Sheet Policy, Data, Inflation, and Productivity and Jobs, which is where Sharma has been assigned.<\/p>\n<p><a target=\"_blank\" id=\"elk-seasonal\"\/><\/p>\n<aside data-block-type=\"embed\" data-render-type=\"fte\" data-skip=\"dealsy\" data-widget-type=\"seasonal\" class=\"hawk-root\"\/>\n<p id=\"elk-809169c0-7bf0-11f1-970c-737b79860627-2\">The Fed says it chose &#8220;accomplished economists, business leaders, and former central bank practitioners\u2014with deep expertise in their fields,&#8221; to head up the taskforces. Sharma&#8217;s team will &#8220;assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve&#8217;s policy judgments.&#8221;<\/p>\n<div class=\"my-6 w-full overflow-hidden rounded-[10px] lg:my-8\" data-component-name=\"JwPlayer:Carousel\" data-jwp-carousel=\"\" data-jwp-carousel-payload=\"{&quot;ids&quot;:{&quot;playerID&quot;:&quot;0SRhEcng&quot;,&quot;searchPlaylistID&quot;:&quot;Irbe0LwM&quot;,&quot;divID&quot;:&quot;botr_Irbe0LwM_0SRhEcng_div&quot;,&quot;fallbackPlaylistID&quot;:&quot;bOTdLUGA&quot;,&quot;fallbackDivID&quot;:&quot;botr_bOTdLUGA_0SRhEcng_div&quot;,&quot;key&quot;:&quot;Ld6aVtD9fPJ4aBQnv6LOGQGu7L2Hq4xGja5LUwPV6j+es5u8&quot;,&quot;tintLogo&quot;:true,&quot;useSearchPlaylist&quot;:false,&quot;enabled&quot;:true},&quot;signPostingEnabled&quot;:true,&quot;signPostingLinkEnabled&quot;:true,&quot;waitForAdLoad&quot;:false,&quot;hidePlayerOnDesktop&quot;:false,&quot;hidePlayerOnMobile&quot;:false,&quot;hidePlayerOnTablet&quot;:false}\">\n<div class=\"flex flex-nowrap items-center justify-between gap-3 bg-zinc-900 px-[14px] py-3\" data-jwp-carousel-header=\"\">\n<div class=\"flex min-w-0 shrink items-center\"><span class=\"inline-flex items-center gap-1.5 text-sm font-article-heading capitalize leading-5 text-white whitespace-nowrap\"><span class=\"jwp-carousel-title-mobile\"\/><span class=\"jwp-carousel-title-desktop\">Latest Videos From<\/span><span class=\"jwp-carousel-brand inline-flex items-center\" aria-hidden=\"true\"><\/span><\/span><\/div>\n<\/div>\n<div class=\"aspect-video w-full min-h-[200px] lg:min-h-[330px] relative overflow-hidden bg-black\" data-jwp-carousel-container=\"\">\n<div class=\"absolute inset-0 size-full items-center justify-center bg-white\" data-jwp-carousel-fallback=\"\"><img decoding=\"async\" src=\"https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/l3fqzehadb1768907286.svg\" loading=\"lazy\" data-new-v2-image=\"true\" data-original-mos=\"https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/l3fqzehadb1768907286.svg\" data-pin-media=\"https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/l3fqzehadb1768907286.svg\" class=\"rounded-[var(--image--border-radius,0)] max-h-12 w-auto\"\/><\/div>\n<\/div>\n<\/div>\n<p>Sharma is the only active CEO to join the taskforces, although former Walmart president and CEO Doug McMillion has been named adviser to the Federal Reserve on the data taskforce.<\/p>\n<p>This is a peculiar move for Sharma and Xbox for several reasons. For one, just this week Sharma herself wrote an email to employees announcing <a target=\"_blank\" data-analytics-id=\"inline-link\" href=\"https:\/\/www.gamesradar.com\/games\/microsoft-is-cutting-3-200-xbox-employees-and-half-of-them-will-be-eliminated-today-in-the-most-significant-restructure-in-xbox-history\/\" data-url=\"https:\/\/www.gamesradar.com\/games\/microsoft-is-cutting-3-200-xbox-employees-and-half-of-them-will-be-eliminated-today-in-the-most-significant-restructure-in-xbox-history\/\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.gamesradar.com\/games\/microsoft-is-cutting-3-200-xbox-employees-and-half-of-them-will-be-eliminated-today-in-the-most-significant-restructure-in-xbox-history\/\">mass layoffs at Xbox<\/a> that will result in 3,200 cut jobs by the end of the 2027 fiscal year amid a major &#8220;reset&#8221; for the brand which she&#8217;ll be integral in spearheading.<\/p>\n<aside data-component-name=\"Recirculation:ArticleRiver\" data-recirculation-type=\"inline\" data-mrf-recirculation=\"Trending Bar\" data-nosnippet=\"\" class=\"clear-both pt-3 pb-4 mb-4 border-solid border-y border-neutral-300\">\n        <span class=\"font-article-heading block pb-3 text-base! font-bold uppercase sm:text-sm text-[#333]\"><br \/>\n            You may like<br \/>\n        <\/span><\/p>\n<\/aside>\n<p>But perhaps even more chiefly, Sharma has been the CEO of one of the largest gaming companies in the world for just a few short months and she&#8217;s been making big moves. It&#8217;s surprising she has the time, much less the mental space, to help out the federal government with its economic policy.<\/p>\n<p>Before she was CEO at Xbox, Sharma was president of <a target=\"_blank\" data-analytics-id=\"inline-link\" href=\"https:\/\/www.gamesradar.com\/uk\/tag\/microsoft\/\" data-auto-tag-linker=\"true\" data-url=\"https:\/\/www.gamesradar.com\/uk\/tag\/microsoft\/\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.gamesradar.com\/uk\/tag\/microsoft\/\">Microsoft<\/a>&#8216;s CoreAI product group, which is likely where she gained the experience that caught the Fed&#8217;s attention. Previously, she was COO at Instacart.<\/p>\n<div id=\"slice-container-newsletterForm-articleInbodyContent-BFq4Vg4jDGgZaGBqu7b6tQ\" class=\"slice-container newsletter-inbodyContent-slice newsletterForm-articleInbodyContent-BFq4Vg4jDGgZaGBqu7b6tQ slice-container-newsletterForm\">\n<div data-hydrate=\"true\" class=\"newsletter-form__wrapper newsletter-form__wrapper--inbodyContent\">\n<div class=\"newsletter-form__container\">\n<section class=\"newsletter-form__top-bar\"\/>\n<section class=\"newsletter-form__main-section\">\n<p class=\"newsletter-form__strapline\">Weekly digests, tales from the communities you love, and more<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<p><a target=\"_blank\" data-analytics-id=\"inline-link\" href=\"https:\/\/www.gamesradar.com\/platforms\/xbox\/bethesda-union-blasts-microsoft-as-xbox-layoffs-hit-the-fallout-and-elder-scrolls-studio-too-when-will-this-cycle-of-cuts-in-pursuit-of-ever-greater-profits-end\/\" data-url=\"https:\/\/www.gamesradar.com\/platforms\/xbox\/bethesda-union-blasts-microsoft-as-xbox-layoffs-hit-the-fallout-and-elder-scrolls-studio-too-when-will-this-cycle-of-cuts-in-pursuit-of-ever-greater-profits-end\/\" data-hl-processed=\"none\" data-mrf-recirculation=\"inline-link\" data-before-rewrite-localise=\"https:\/\/www.gamesradar.com\/platforms\/xbox\/bethesda-union-blasts-microsoft-as-xbox-layoffs-hit-the-fallout-and-elder-scrolls-studio-too-when-will-this-cycle-of-cuts-in-pursuit-of-ever-greater-profits-end\/\"><em>Bethesda union blasts Microsoft as Xbox layoffs hit the Fallout and Elder Scrolls studio, too: &#8220;When will this cycle of cuts in pursuit of ever-greater profits end?&#8221;<\/em><\/a><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.gamesradar.com\/platforms\/xbox\/xbox-ceo-asha-sharma-joins-us-federal-reserve-as-adviser-on-ai-for-productivity-and-jobs-taskforce\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently appointed Xbox CEO Asha Sharma has been tapped by the US government to advise the Federal Reserve on &#8220;productivity and jobs&#8221; as well as matters related to AI and its impact on the economy. Via press release published on an official government website, the Fed details five distinct taskforces, each co-led by a team [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdn.mos.cms.futurecdn.net\/gUUVvtFMKpCjmsuqx9uY8C-1920-80.jpg","fifu_image_alt":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[30],"tags":[1402,125,10764,6256,11463,4918,11462,62,978,11464,1432,4613,3821,1211,1397],"class_list":["post-8287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","tag-asha","tag-ceo","tag-decides","tag-ends","tag-federal","tag-force","tag-jobs","tag-lead","tag-perfect","tag-reserve","tag-sharma","tag-shes","tag-task","tag-week","tag-xbox"],"_links":{"self":[{"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/posts\/8287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/comments?post=8287"}],"version-history":[{"count":0,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/posts\/8287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/media\/8288"}],"wp:attachment":[{"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/media?parent=8287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/categories?post=8287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thehotedit.com\/index.php\/wp-json\/wp\/v2\/tags?post=8287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}