Xbox CEO lays out priorities in memo after major ‘reset’
The Verge·July 30, 2026
Xbox CEO Asha Sharma has outlined her priorities for the company in a memo to staff, aiming to return Xbox to player and revenue growth by the end of fiscal year 2027. Sharma also plans to improve profits to industry averages, with every function and studio responsible for contributing to this outcome. The memo comes after a major "reset" that involved laying off thousands of employees and spinning off four studios. Since taking over in February, Sharma has made significant changes to address challenges such as low accountability and increasing component costs.
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