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Days After Announcing Mass Layoffs, Xbox CEO Asha Sharma Tapped To Advise The Federal Reserve On Jobs
Engadget • • general
Key Points:
- The US Federal Reserve has appointed industry leaders to lead task forces focused on guiding monetary policies, including a team to assess the economic impact of new technologies like artificial intelligence.
- Xbox CEO Asha Sharma has been named as an advisor on the productivity and jobs team, despite recent controversies including hardware price hikes and significant job cuts at Microsoft’s gaming studios.
- Sharma's appointment has raised concerns due to the gaming industry's current struggles with employment and the responsible integration of AI technologies.
- Microsoft has been reducing staff across multiple divisions for some time, and the recent job cuts under Sharma's leadership continue this trend.
- The timing of Sharma’s role on the Federal Reserve task force is seen as problematic amid ongoing challenges in the gaming sector.
