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Asha Sharma to co-lead US Federal Reserve's Productivity and Jobs task force
GamesIndustry.biz • • business
Key Points:
- The U.S. Federal Reserve has appointed Xbox CEO Asha Sharma to co-lead its new Productivity and Jobs task force, which will evaluate the economic impact of technologies like artificial intelligence.
- Sharma will co-lead the task force alongside Marc Andreessen of Andreessen Horowitz and Stanford economics professor Charles I. Jones, who is currently on leave at AI firm Anthropic.
- The task force is one of five established by the Federal Reserve to examine key areas influencing monetary policy, involving external advisers from various sectors.
- Sharma's appointment comes amid significant layoffs at Xbox, with 3,200 jobs cut by the end of 2027, affecting major studios such as ZeniMax Online, Id Software, Bethesda, and Obsidian.
- Sharma emphasized that the workforce reductions are aimed at positioning Xbox for a larger, more innovative future, highlighting continued investment and strategic focus in the gaming division.
