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Xbox CEO Asha Sharma reshuffles leadership to revive Xbox amid revenue declines.

Market News
05 May 2026
CNBC
Bearish
pluang ai news

Asha Sharma, the new Xbox CEO, is appointing new leaders from Microsoft's CoreAI group and Instacart to address Xbox's recent revenue declines and improve product delivery speed. Xbox has faced revenue drops in four of the last six quarters, with competitors like Nintendo and Sony outselling its consoles. Sharma aims to bring fresh consumer and technical expertise to evolve Xbox's operations and regain market growth. Key executives from CoreAI and Instacart are joining Xbox, while some long-time Microsoft leaders are stepping down or taking leaves.

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