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Xbox CEO Asha Sharma has shared new details on the significant changes at Xbox, including mass layoffs, studio spinoffs, and more.
In an interview with Fortune, Sharma said Microsoft undertook “a bunch of bets” years ago to help grow the business, including Game Pass, going multiplatform, and beefing up its studio base. These bets did not pay off, and in the process of pursuing these new ventures, “We inherently didn’t focus on the core business,” Sharma said.
“The number one measure of your strategy is what you put your resources behind, and we simply spread ourselves too thin,” she said.
Asha Sharma is making major cuts to Xbox.
In a memo to staff, Sharma said the Xbox business, as it stands today, is not in a healthy place. If it were, Sharma said the company would be able to “weather the shock of the hardware crisis” that Xbox is facing now due to the AI-fueled run on components and memory.
“With an unhealthy Xbox, it becomes really challenging, and it accelerates a lot of the changes we need to make,” Sharma said.
The restructuring
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