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Xbox CEO says current margins 'cannot continue' in public letter to staff
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Xbox CEO says current margins 'cannot continue' in public letter to staff

Engadget · Jun 10, 2026, 11:05 PM

Key takeaways

  • The more things change, the more they stay the same.
  • iama_sing/Shutterstock As Summer Game Fest draws to a close, it's a fitting time for reflection.
  • New CEO Asha Sharma and Chief Content Officer Matt Booty penned a public memo to the gaming company's employees to mark the first 100 days of Sharma's tenure leading Xbox.

The more things change, the more they stay the same.

iama_sing/Shutterstock As Summer Game Fest draws to a close, it's a fitting time for reflection. Not just on the cool games we saw announced (and there were a bunch), but also on an industry that, in recent years, has reached thrilling new creative and artistic highs alongside deeply depressing lows in the form of layoffs, cancelations and studio closures. Xbox is putting its introspection out in the open.

New CEO Asha Sharma and Chief Content Officer Matt Booty penned a public memo to the gaming company's employees to mark the first 100 days of Sharma's tenure leading Xbox. The takeaways are pretty grim.

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