business · 3 outlets · 4 linked reports
Xbox CEO Asha Sharma Joins Fed Jobs Task Force Days After Layoff Announcement
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Summary
- Microsoft announced about 4,800 job cuts on July 6, with most changes in its Commercial and Xbox organizations.
- Fox News reported that 1,600 of the announced cuts were at Xbox and linked the timing to scrutiny of Microsoft’s H-1B approvals.
- Microsoft said the decisions were based on business needs, not visa status, and that H-1B employees were also affected.
- The Federal Reserve named Sharma a co-leader of a task force studying how technologies including AI affect productivity and jobs.
The question
Asha Sharma was named to the Fed’s Productivity and Jobs task force days after Xbox announced 1,600 layoffs.
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