{"id":753798,"date":"2026-07-10T02:35:09","date_gmt":"2026-07-10T02:35:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/753798\/"},"modified":"2026-07-10T02:35:09","modified_gmt":"2026-07-10T02:35:09","slug":"days-after-announcing-mass-layoffs-xbox-ceo-asha-sharma-tapped-to-advise-the-federal-reserve-on-jobs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/753798\/","title":{"rendered":"Days After Announcing Mass Layoffs, Xbox CEO Asha Sharma Tapped To Advise The Federal Reserve On Jobs"},"content":{"rendered":"<p>                                             &#13;<br \/>\n                                                    &#13;<br \/>\n                            &#13;<br \/>\n                        <img loading=\"lazy\" decoding=\"async\" class=\"gallery-image \" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/intro-1783637559.jpg\" data-slide-url=\"https:\/\/www.engadget.com\/2211983\/days-after-laying-off-3-200-xbox-ceo-asha-sharma-tapped-to-advise-the-federal-reserve-on-jobs\/\" data-post-id=\"2211983\" data-slide-num=\"0\" data-slide-title=\"Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs: \" width=\"780\" height=\"438\" alt=\"Photo of the words \" federal=\"\" reserve=\"\" etched=\"\" into=\"\" the=\"\" facade=\"\" of=\"\" central=\"\" bank=\"\" building.=\"\"\/>&#13;<\/p>\n<p>                    Pabradyphoto\/Getty Images<\/p>\n<p dir=\"ltr\">The US Federal Reserve has <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260709a.htm\" target=\"_blank\" rel=\"nofollow noopener\">announced<\/a> the industry leaders who will head up its various task forces guiding monetary policies. The country&#8217;s central bank has made some baffling appointments to its productivity and jobs team, which 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<p dir=\"ltr\">One of the advisors will be new Xbox CEO Asha Sharma. After moving to gaming from Microsoft&#8217;s Core AI group, in the first few months of her tenure, she&#8217;s overseen <a href=\"https:\/\/www.engadget.com\/2201787\/xbox-prices-are-going-up-again-after-microsoft-helps-drive-up-component-costs\/\" target=\"_blank\" rel=\"nofollow noopener\">yet another price hike<\/a> for the gaming hardware and most recently announced to the company that it would be <a href=\"https:\/\/www.engadget.com\/2208480\/xbox-confirms-plans-to-lay-off-3200-workers-over-the-next-year\/\" target=\"_blank\" rel=\"nofollow noopener\">cutting 3,200 jobs<\/a> across its studios. Microsoft has been <a href=\"https:\/\/www.engadget.com\/gaming\/xbox\/microsoft-gaming-division-suffers-further-layoffs-142430386.html\" target=\"_blank\" rel=\"nofollow noopener\">gutting its staff<\/a> across many divisions for awhile, so this isn&#8217;t a new policy she&#8217;s personally brought in. But the timing here could not be worse, especially as so much of the game industry is struggling to keep people employed and to figure out a responsible way to use AI.<\/p>\n<p dir=\"ltr\">Joining her in this strange advisory trio are Marc Andreessen, who doesn&#8217;t have the best\u00a0<a href=\"https:\/\/futurism.com\/artificial-intelligence\/marc-andreessen-sputters-ai-benefits\" target=\"_blank\" rel=\"nofollow noopener\">track<\/a> <a href=\"https:\/\/pmarca.substack.com\/p\/why-ai-wont-cause-unemployment\" target=\"_blank\" rel=\"nofollow noopener\">record<\/a>\u00a0on talking intelligently about AI, and Charles I. Jones, a Stanford University economics professor who is currently <a href=\"https:\/\/x.com\/ChadJonesEcon\/status\/2069410576326156478\" target=\"_blank\" rel=\"nofollow\">on leave to work at the Anthropic Institute<\/a>. Jones aside, it&#8217;s not necessarily the most reassuring group when it comes to being critical of artificial intelligence and the job market.<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; &#13; &#13; Pabradyphoto\/Getty Images The US Federal Reserve has announced the industry leaders who will head&hellip;\n","protected":false},"author":2,"featured_media":753799,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-753798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/753798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=753798"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/753798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/753799"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=753798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=753798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=753798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}