Are Xbox layoffs coming? CEO Asha Sharma eyes ‘reset’ after $20 bn investment fails to deliver growth

Microsoft’s gaming division may be headed for its biggest reset in years. Nearly four months after Asha Sharma took charge as Xbox CEO and Matt Booty as the brand’s chief content officer, a new memo from the leadership duo suggests sweeping changes are in the works as the company looks to revive the Xbox brand.

Indian-origin Sharma, who succeeded Phil Spencer as CEO of Microsoft Gaming, has centred her strategy on three pillars: great games, the return of Xbox and the future of play. In their message to employees, Sharma and Booty signalled that the company is ready to turn the page and chart a new course for Microsoft’s gaming business.