Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs

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Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs

Engadget · 1 month ago

The Federal Reserve has appointed Asha Sharma, CEO of Xbox, to an advisory task force examining how artificial intelligence and emerging technologies affect employment and monetary policy. The timing of her appointment, occurring only days after she announced a workforce reduction of 3,200 positions across Xbox studios, has prompted scrutiny regarding the optics and potential conflicts of interest in such a placement.

The task force also includes venture capitalist Marc Andreessen and Stanford economist Charles I. Jones, currently on leave to work at the Anthropic Institute. Observers have raised concerns about whether this group can provide sufficiently balanced and critical evaluation of artificial intelligence's impact on employment, particularly given the gaming industry's current employment struggles and the need for responsible AI implementation approaches.

  • Xbox CEO Asha Sharma appointed to Federal Reserve task force on AI and jobs just days after announcing 3,200 staff cuts
  • The advisory group will assess artificial intelligence's economic impact on employment policy
  • Critics question whether the group composition will provide sufficiently critical analysis of technology's effect on the job market

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